Whitney Hansen | Money Coaching

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Biweekly Furniture Flip Report: $435 PROFIT

I’m super excited to share with you my first ever flipping report!

My intention is to show you the exact items I purchased and flipped.

Early in my financial life, I recognized that I can only cut expenses so much, I had to work on earning more income. One of the best ways to increase your income is through side hustles.

But here’s the thing, you’ll never hear me talk about taking surveys for money or side hustles that really aren’t worth your time.

That’s where furniture flipping came into play for me. I’ve been flipping for over 2 years now and have credited flipping to helping me increase my:

  • Savings for properties/investments
  • Negotiation skills
  • Product marketing
  • Copy writing

It’s one of my favorite side hustles ever. In fact, I’ve even detailed out a lengthy post for how exactly to get started into furniture flipping.

What Items I Flipped/Listed

Some of the pieces I sold or listed are DIY and some are just simply cleaning them up and selling them directly.

  • Concrete Fire Bowl
  • Black Chest of Drawers
  • Midcentury Modern Dresser
  • Midcentury Modern Buffet
  • (NOT SOLD YET) Industrial Coffee Table
  • (NOT SOLD YET) Black Dining Chairs

Concrete Firebowl

ITEM: Concrete Firebowl

COST: ~$10 (for materials)

WORK DONE: DIYed the concrete bowl, purchased tiki fuel and black rocks to create this firebowl

SOLD: $45

PROFIT: $35

Black Chest of Drawers

ITEM: Black Chest of Drawers

COST: $75 ($65 for the dresser and $10 for paint)

WORK DONE: Bondo for the cracks, sanded, primed, painted (aka– a lot of work)

SOLD: $150

PROFIT: $75

MCM Dresser

ITEM: Midcentury Modern dresser

COST: $25

WORK DONE: No work. Just cleaned up.

SOLD: $150

PROFIT: $125

MCM Buffet

ITEM: Midcentury Modern buffet

COST: $50

WORK DONE: No work. Just cleaned up.

SOLD: $250

PROFIT: $200

Industrial Coffee Table*

ITEM: Industrial Metal Coffee Table

WORK DONE: No work. Just cleaned up.

POTENTIAL PROFIT: $40

*Until these items are sold, it’s just my best guess of how much profit I might earn.

Black Modern Dining Chairs*

ITEM: Black Modern Dining Chairs (3 chairs)

WORK DONE: No work. Just cleaned up.

POTENTIAL PROFIT: $40

*Until these items are sold, it’s just my best guess of how much profit I might earn.

How much did I actually make?

Alright, let’s tally everything up. Remember, profit is how much I actually pocketed before taxes (yes, you should claim this as income on your taxes).

Potential Profit: $515 (includes the 2 unsold items)

ACTUAL PROFIT: $435

Not a bad haul! If you would like to get started in furniture flipping as well then make sure to check out this video.

And stay tuned, I’m in the process of working on a FURNITURE FLIPPING mini course!!!

Sign up for the waitlist with the form below 👇👇👇👇

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Disclaimer

I do, on occasion, use affiliate links. This means that I could receive a small commission if you take advantage of the products or services I recommend throughout this site. My promise to you is to only recommend products that I would use myself or am considering using myself. :) Also, I work my booty off to provide unique content. Please remember that all content on this site is copyrighted. Quote away, but always link back to this site. © 2020. WhitneyHansen.com. Whitney Hansen is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and link to Amazon.com.

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