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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Whitney Hansen | Money Coach
....As I clear my Amazon cart.😂 I’m always t ....As I clear my Amazon cart.😂

I’m always trying to find a balance between buying things I need and things I want.

💵 One of the ways I prevent myself from buying stuff that doesn’t make my life better is through the “24 think about it rule.”

It’s simple.

⏱If you see something you want and haven’t currently budgeted for- wait for 24 hours.

If you still want it after that and can rearrange your budget to make it work— do it!

What rules do you use to help you minimize blowing all your money on wants?
Hey, I warned you in advance that my feed might lo Hey, I warned you in advance that my feed might look a little funky over the next couple of months.😆

We officially got started on our project @cascadedome!

True story- I didn’t expect to be able to start doing any work until the snow melted in May-ish.

We drove up to check on the snow levels Saturday, saw that our lot was free of snow and came home to start getting our tools lined up.

The next day we started:
✖️digging holes for the deck
✖️leveling out the fire pit area
✖️getting a priority plan in place

(Huge thanks to my mom for her help. Don’t know what I’d do without her!)

This has been a dream of mine for a long time, so I am especially excited to have this project under way.

I think these massive granite boulders and sloped lot scared a lot of buyers away, but it fits for our vision perfectly.
Interested in short term rentals? Then head over Interested in short term rentals?

Then head over to WhitneyHansen.com and read this post.

I’m sharing my FAVORITE resources and tools to help you quickly see what the profitability might be on a STR.

Comment below if you’d like me to create a video walking through a property analysis and giving you the highlights.
The days I make an investment purchase are some of The days I make an investment purchase are some of my favvvvorites! 🤓

In January I started a challenge to help me invest more.

Here’s how I’m doing it:

✅ Set up a savings account with Qapital and used the 52 week savings challenge and roundup rules to gamify my savings.

✅Transfer from my Qapital account to my Vanguard brokerage account when I have $250 saved.

✅Invest in an ETF (currently, I’m liking Vanguards Total Stock Market ETF for my portfolio)

That’s it! It’s been fun, I’ve been investing more, and it’s basically working on autopilot.

***NOTE: I invest based on my own risk tolerance, overall portfolio, and financial goals. This post is for educational purposes only. You’ve got to do your own research and invest based on your life.
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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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