How To Flip Furniture To Make Money: Everything You Need To Know

So many side hustles are purely about the money, but flipping furniture can be a fun and creative way to make some extra cash. Whether you’re flipping because you’re a furniture addict or simply because you’re good at it, there are a few key things you need to know in order to be successful. In this post, we’ll go over everything from how to find the right pieces to flip, to how to maximize your profits.

What Are The Best Pieces Of Furniture To Flip?

There are some pieces of furniture that are more profitable to flip than others. While the market for furniture is pretty good right now, you’ll want to make sure that whatever piece you’re buying has a higher probability of being able to be flipped in the first place.

Lets get into the best types of furniture to flip:

Couches and Sofas

Couches and sofas are always in demand, and they can be easy to find at a low cost. If you’re looking for pieces to flip, focus on finding couches and sofas that are in good condition but may need a little bit of work. For example, you might find a couch that needs to be reupholstered or a sofa that needs new legs. These types of pieces can be easily fixed and will sell for a higher price once they’re in good condition.

Couches with small stains that can be easily removed are also a good option, as they can be cleaned and will look like new once they’re fixed up.

Tables

Tables are another great option when it comes to furniture flipping. Whether you’re looking for coffee tables, end tables, dining room tables, or any other type of table, you can usually find ones that just need a little bit of work in order to be perfect. For example, you might find a table that needs to be sanded down and refinished, or one that just needs new legs. Again, these are easy fixes that can make a big difference in the final selling price.

You may even consider making the table a new color, if you have the skills to do so.

What Are The Best Places To Find Furniture to Flip

There are many places you can find furniture to flip. In this part of the blog post we will go over the best places.

Craigslist

Craigslist is a great place for finding furniture pieces that can be flipped, but you’ll want to make sure that you’re looking at the right parts of Craigslist in order to find the best deals. For example, if you’re looking for dining room tables or coffee tables, check out the “free” section on Craigslist first and see if anyone is giving away those types of tables. The free couch section is also a great place to look for pieces that can be flipped.

Facebook Marketplace

Facebook Marketplace is another great place to find furniture to flip. In addition to being able to search for specific items, you can also join Facebook Groups dedicated to buying and selling furniture. This is a great way to find people who are looking to get rid of furniture quickly and for a low price.

Yard Sales and Garage Sales

Keep your eyes peeled for yard sales and garage sales in your area. These are great places to find furniture that people are looking to get rid of quickly and for a low price. You might not find exactly what you’re looking for, but if you’re willing to be flexible, you can usually find some great pieces that just need a little bit of work.

Thrift Stores

Last but not least, thrift stores can be a good place to find furniture that you can flip. You’ll have more options as far as what types of pieces you’re able to find, but don’t expect these pieces to be in perfect condition. Usually, the best thing about finding furniture at a thrift store is their low price point.

What Are The Steps To Flipping Furniture?

Now that we’ve gone over some of the best places to find furniture to flip, as well as some of the best types of furniture to flip, let’s get into the steps you’ll need to take in order to successfully flip furniture.

Find pieces that are in good condition but need a little bit of work. This might include upholstering, sanding and refinishing, or new legs. Some people are just to lazy or don’t care about the money they could make so they will sell the piece for a low cost or give it away for free.
Get an estimate of the amount you can sell these pieces for once they have been fixed up and look brand new.
Determine how much it will cost to fix up the piece of furniture. This should include the cost of materials, as well as any labor costs.
Make sure that you’re making a profit before you start fixing up the furniture. Once you’ve determined that you’re going to make a profit, start working on fixing up the piece.
List the piece of furniture on Craigslist or other online marketplaces, and then sell it for a higher price than it was originally listed for. Just make sure to factor in the cost of fixing up the piece when determining your sale price as also said above.

Flipping furniture can be a great way to make money while also breathing new life into old pieces of furniture.

How Much Can You Make Flipping Furniture?

The thing is, if you really dedicated yourself and were patient, you could make a decent amount of money from flipping furniture. However, since it can be difficult to predict how much time you’ll need to put into a particular piece and how much that work is going to cost, it can be tough to know exactly how much money you’ll make when flipping furniture.

People who are really good with wood working and have all of the necessary tools can make a lot of money from flipping furniture. If you are someone of that nature, you could potentially make hundreds or even thousands of dollars in extra income per month.

As a general rule of thumb, it’s usually not a good idea to count on flipping furniture as your only source of income. But if you have some time and are a skilled fixer-upper, then you can certainly make good money by flipping furniture. Just make sure to do your research and take your time before getting started.

Is Flipping Furniture Competitive?

It’s definitely a popular side hustle for YouTubers to talk about in their videos, but we don’t believe that it’s actually all that competitive.

You will find some other people that do it, but not any more than you’ll see other people driving Uber or doing any type of side hustle of that nature.

What Do You Need To Start Your Own Furniture Flipping Business??

To get started with your own furniture flipping business, there are a few things you’ll need.

The first thing is money to invest in inventory that you can fix up and sell for a profit.
You’ll also want to have some tools and materials on hand, such as wood stain, paint brushes, and sandpaper.
You’ll also need a place to work, whether that’s a garage or a dedicated space in your home where you can fix up furniture.
Finally, you’ll need marketing and sales skills to promote and sell your inventory online or at local flea markets and thrift stores.

Do You Have To Pay Taxes Selling Furniture?

Anything you make a profit on from selling furniture will be considered taxable income, so you’ll need to report the amount that you made on your taxes.

Be sure to talk with a tax professional about this in more detail, as they will be able to help answer any specific questions that you might have and ensure that you’re following all of the necessary tax laws when it comes to selling furniture.

What Are Some Other Things To Keep In Mind When Flipping Furniture?

Look Our For Scammers

There are definitely people out there who will try to scam you, so always be careful and do your research before working with anyone.

Consider Meeting at a Public Place

When meeting up with someone to sell or buy furniture, always consider meeting in a public place for safety reasons.

Bring a Friend

Whenever possible, it’s always a good idea to bring along a friend or family member when you’re buying or selling furniture, just for an extra layer of protection.

Scan The Item Very Carefully:

This might sound like common sense but you’d be surprised how often people forget to do this. When you’re excited to make your first flip and see a potential profit, it’s easy to get caught up in the moment and forget to thoroughly examine the piece of furniture you’re considering purchasing.

Stay Safe With Your Tools

When you start flipping furniture for a living, it’s important to remember that you’re working with sharp tools and power tools. Always follow all of the safety precautions that come with operating these types of items, and make sure everyone around you is aware of the potential risks as well.

Get a Niche Down

When you’re first starting out, it can be tempting to try and tackle any and every type of furniture. But as you get more experience flipping furniture, you’ll start to develop a niche for the types of pieces you’re most interested in working on.

This could be anything from antique furniture to mid-century modern pieces. Once you’ve found your niche, you can start to focus your efforts on finding inventory that will be appealing to buyers in that market.

Pictures Make Things Sell Easier

When you’re selling furniture online, pictures are going to be your best friend. Make sure to take clear, well-lit photos of the pieces you’re selling from all angles.

This will give potential buyers a good idea of what the piece looks like and help them to make a decision about whether or not they want to purchase it.

Final Thoughts

Flipping furniture can be a great way to make some extra money, but it’s important to do your research and know what you’re doing before you get started.

If you’re good with your hands, you should consider giving it a try. With a little bit of elbow grease and some patience, you could make a decent profit flipping furniture.

Please consider taking a look at our other most recent blog posts below:

How To Flip Furniture To Make Money: Everything You Need To Know