What We Flipped In One Month To Make $24,000! August Income Report

Parisian flea market

Last month was a pretty flipping cool month. 

We had our biggest flip of the year! 

Not only that, we were finishing up our 5-week trek across the U.S. Checking out God’s creation and seeing some epic National Parks all while finding treasure along the way.

Of course we brought our trailer with us and ended up filling it with 14 items that we picked for a total of $870 that should bring in $16,150. 

And even sold one while we were on the road! 

Picked this wallpaper steamer for $35 and sold it for $750 the same day I listed it! 

When we were in Colorado I found a listing for an item and when I went to look at it it turned out to be a hardware store going out of business. 

I grabbed the wallpaper steamer and a paint stirrer for a total of $50. I probably could have grabbed more, but Melissa was ready to visit to Rocky Mountain National Park that day so I didn’t have a lot of time. 

August Flipping Income Report

We had planned to finish up our trip doing the 127 yard sale. But we had already been on the road for over a month and had a pretty full trailer. 

So we made the decision to just make the trek home from Michigan and have a few down days before the kids started school. (Getting back to our time zone was tough and the kids had to be at school early!) 

So back to our August sales. 

We had a total of 3 sales for $24,000!

Two of these we were on the road for and the last one came in while we were home. (We took a little time to recover from the trip and to get everyone ready for school).

Biggest sale of the year! 

The first sale was our biggest sale of the year! 

It was our (second) bus wash! 

August Flipping Income Report

We picked this on our summer road trip last year for $500 and sold it on ebay for $14,500. 

We found it last year on Facebook Marketplace and ended up driving back to North Carolina to get it. (I couldn’t pass up that profit!)

So we added in travel expense, but divided it by 3 items. When we drove to North Carolina I looked for other items to pick up to make it more worth my time. We picked up a stove for $200 that we sold for $2,200 and an arcade game that we picked for $175 and sold for $550.

The bus wash was definitely a bear of a pallet to make. I thought it would take me a day…. But it ended up taking 3 days. 

But after all was said and done I would do it again. 

And the buyer actually wants more bus washes so I’m hunting them down at the moment to see if I can find one! 

OfferUp Freebie

The second sale was a commercial Ice cream machine. 

I negotiated with the guy while we were away and he was ready to buy but looking for others.

 

August Flipping Income Report

So as soon as we got back I told him he could come look at it and he purchased it for $8,500. (I had it listed for $10,000.)

I actually picked this machine up for free from an OfferUp ad. The lady wanted it gone and out of her shop and anyone with a truck or trailer could come get it. 

I browse our OfferUp and Marketplace ads often so I was the first to respond to her. I picked it up and sat on it for about a year. 

But it was worth taking up space in my storage for an $8,500 profit (no fees associated with this one because it sold locally and he picked it up.)

Trash Find

The last sale was a fuel injector diesel rail. I picked this from the dumpster that my contact has (businesses get rid of perfectly good stuff all.the.time!)

Side note – it’s definitely worth your time to make contacts with thrift store managers, flea market vendors, OfferUp/Marketplace sellers. You never know who you will meet that has a contact themselves. They make money on you and you make money with their items.

So I got that one for free too. And it sold for $1,000 on ebay. 

I sat on that one for a little bit, but it didn’t take up much space and when the right person came along, I was here for them. 

August Flipping Income Report

Breakdown Of Profits

Ok, so let’s breakdown the sales, fees and actual profits: 

Bus wash

Sold for – $14,500

COGS – $500

Ebay fees – $598

Shipping label – $650

Materials – $80

Travel – $158

Total profit – $12,514

Ice Cream Machine 

Sold for $8,500

Sold locally so no fees or shipping.

Total Profit :$8,500

Fuel Injector Rail

Cogs- Picked from dumpster

Ebay fees – $113

Shipping Costs – $23

Total profit: $864

Total Cost of Goods Sold; $500, Total Ebay Fees: $711; Total Shipping Costs: $753; Travel – $158

Which brings our total profit to $21,878!

Now this is not a normal month. But it totally can happen if you are always looking for those items that people are ready to get rid of! 

This month puts us on track to hit our $100K goal this year! (and with part time hours) 

We spend a lot of our time helping others make money reselling so our own business sometimes gets the back burner.

But I do love the thrill of the hunt and of course the sale. 

September has already proved to be productive and we aren’t stopping anytime soon! 

If you think the reselling business could be a good fit for you, or you are ready to take your flipping side hustle to the next level, check out our FREE flipping workshop to see if we can help you. 

FURTHER RESOURCES

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Robert Stephenson

I grew up in Central Florida and have lived here my whole life. I first got into buying and selling items when I was 16 years old, and have been hooked ever since. It has mostly been a hobby that makes some extra cash, but sometimes it serves as my main income as well. I don't plan on stopping any time soon. I find too many fun toys for my family (or myself), and just love the whole process.

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