What's up guys! In this video I talk about the strategy I use to make easy furniture flips! After watching this video you're going to be lean, mean, furniture flipping machines.
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Use this strategy to ALWAYS have easy furniture flips:
1. KNOW YOUR MARKET-
Study other flippers, if everybody is selling a similar style or color, across many cities and places, tthen chances are you’ll also have success in your area too.
My experience has shown for myself and most furniture flippers in the US this is the furniture that you should look for:
Dressers, Bookcases, Vanities that are:
-made before 1980 (antique and vintage)
-characterized by thin legs, curvy front, boxy exterior, solid hardwood, and handcarved components
Sofas that are:
-characterized by modern mid century Inspired (thin legs, boxy), velvet,
Ikea, clean, or in a bright or white color
Chairs that are:
Swivel rockers, velvet, or in a bright or white color
2. DETERMINE QUALITY with this (Y/N) checklist:
Wood Furniture:
Does it have a brand name?
Is it solid wood?
Do the drawers have dovetail joints?
Do the drawers slide well?
Is the hardware intact?
Are there no holes/dings/scratches?
Upholstered Furniture:
Does it have a brand name?
Are there no Stains?
Are there no Rips?
Is there no odor?
Are there no Cat Scratches?
3. INCREASE THE VALUE
Wood Furniture:
Paint, patch holes, good pictures, and free delivery
Upholstered Furniture:
Clean, remove unpopular swivel rocker skirts (maybe add fringe trim), paint the swivel, take good pictures, free delivery
Maybe add fringe trim is wood is showing
Factors to Consider when determining listing price:
-cost of living in your area
-the typical price for a piece of furniture like yours (comparative value)
-Your personal finance goals
-how much time, money, and energy you spent on the furniture piece
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