Home › Forums › Hello, Who Are You? › Hello from the bay area!
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Jay.
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11/01/2017 at 2:09 pm #24707
Hello all! I am a big fan of the podcast and these forums. My wife and I mostly do furniture restoration and flipping. The bay area is ripe for the picking in that category, but we have been branching out into other categories this year. The Oct-Feb season is always slow here due to the rains. Hope post some of my finds and most likely my thanks for pointing me in the right direction.
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11/01/2017 at 4:57 pm #24717
Wow! How much of the work do you do yourself vs. others to restore? What type of storage do you need to be successful? And how do you know what buy vs. what to pass on?
That is very interesting, and something that I know another full timer moved to as well, but definitely a storage and long term commitment.
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11/01/2017 at 7:07 pm #24741
My wife and I do all the work ourselves. I sand and repair while she does the painting/staining and listing. For storage we have two 10×12 buildings in the back yard which is the maximum the city allows. We are pretty selective on which pieces are worth the time and effort to restore or upcycle. A lot of our business is just effort of being early to yard/garage/estate sales or jumping on Craigslist ads first. Don’t know how many maple dressers I have seen sell for $30. Way under priced so we just flip things like that.
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11/01/2017 at 9:44 pm #24763
Welcome to the forum! Jollz it would be great to see some of your creations. My husband and I have thought of doing that but not sure of how profitable it would be. Are there certain items you guys restore as opposed to others?
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11/02/2017 at 7:43 am #24806
Good to see some more scavengers show you can make a living in the Bay area. I know if its so expensive to live, but we also know this means there higher class trash.
Can you give us some perspective on how much you normally pay for furniture, how much time you put into it, and then how much you sell it for?
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11/02/2017 at 12:16 pm #24828
So our rough rule of thumb is if we can’t make double it isn’t worth out time. Our bread and butter is just basic flipping of solid wood dressers. The popular ones here being french provincial and mid-century modern designs. Never pay more than $50 for a solid wood dresser and those are the brands people desire like drexel is very popular here. We organize our sales into 2 categories quick flips where we want to make at least double and free up space and then the ones we work on we want to make approx. 5 times our investment. We try to limit our time on a piece to 5 hours as a maximum. We source 90% of our materials from Craigslist, apps, or garage/estate sales. The only thing I think we find ourselves buying at hardware stores are sanding discs and tack cloths. I will work on the best way to show off some of our recent work on here briefly.
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11/02/2017 at 12:18 pm #24829
So our rough rule of thumb is if we can’t make double it isn’t worth out time. Our bread and butter is just basic flipping of solid wood dressers. The popular ones here being french provincial and mid-century modern designs. Never pay more than $50 for a solid wood dresser and those are the brands people desire like drexel is very popular here. We organize our sales into 2 categories quick flips where we want to make at least double and free up space and then the ones we work on we want to make approx. 5 times our investment. We try to limit our time on a piece to 5 hours as a maximum. We source 90% of our materials from Craigslist, apps, or garage/estate sales. The only thing I think we find ourselves buying at hardware stores are sanding discs and tack cloths. I will work on the best way to show off some of our recent work on here briefly.
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11/02/2017 at 5:27 pm #24861
Do I assume that you do this more as a hobby? It doesnt sound like enough profit to live in SF just selling $50 pieces of furniture. Do you guys use the money for specific purposes?
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11/02/2017 at 12:39 pm #24833
Sorry for the double post. I threw together a pintrest page of some of our work I still have pics of on my phone. I thought you’d like this Board on Pinterest… https://pin.it/egPba5X
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11/02/2017 at 5:38 pm #24863
We definitely don’t do it as a full time job but more as a second income stream. I know making $50 profit on a dresser isn’t a huge margin ,but that is our bare minimum profit. On the ones like the pintrest piece we make about $200 profit on average. The amount of furniture we move surprises me sometimes. Hopefully we will be adding to our sales with other things we find at thrifts/garage sales and the like. We just sold out first piece of clothing (anything really) on ebay. An English Laundry embroidered shirt for $15 that we paid a dollar for. Diversity and making your money going in like they say is key.
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11/02/2017 at 5:49 pm #24864
You guys do beautiful work. You should try to charge more. $500 for a solid wood piece that has been restored is a great deal.
Do you do Local Pickup on eBay? Or do you resell the pieces on CL?
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11/02/2017 at 6:11 pm #24868
+1 on the beautiful work. Those are some really nice pieces that you showed. Very nice work!
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11/02/2017 at 6:10 pm #24867
“Diversity and making your money going in like they say is key.”
+1!
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11/02/2017 at 6:00 pm #24865
Most of our sale are through offerup, 5 miles, and similar apps. We are just beginning our ebay journey so I will definitely do some research on furniture sales on the site. Thanks for the advice.
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11/02/2017 at 6:12 pm #24869
I find that some sites are good for buying stuff (because people are just dumping items cheap)…and other sites are good for selling (because people are there to pay top dollar what exactly what they want). For us, the key was to learn the difference.
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