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Turning Profit Podcast
For people who love real estate
Hi there, we’re Pete and Heather Reese! On this podcast, you’ll learn the business models and skills that professional real estate investors use to make money and build wealth.
We leave no stone unturned as we share details about our own deals and experiences. Our interviews feature some of the smartest people in the industry so you can learn and grow your own real estate investment business.
Income Reports
Income Report – April 2024
Well, this wasn’t my best month. In fact, it was a big disappointment.
The revenue was much lower than we anticipated. Yes, $207,164 is a lot of money, but based on the trajectory and track record, I would like to see this much higher.
The gross profit for April was $67,131.47. This is a sizeable amount of profit, but not nearly what I need it to be at this level.
The big problem for April was that I only closed 2 deals.
Income Report – March 2023
March was a pretty good month! We didn’t top our record setting January, but we weren’t too far off with $674,265 in revenue for March. This is the exact amount of revenue that was wired to our bank account in March. If we multiplied that out fo the year, that would be $8,091,185. That’s good, but a little short of my $10 Million goal for 2023. I’ve got some work to do! The gross profit for March was $275,156 which I’m pretty happy with!
Income Report – February 2023
I had high hopes for February, but it fell a little short. But, can I really be upset about $464,159 of revenue? Not really. Although we didn’t top last month’s record figure, we still did pretty well. We had a couple of deals fall out of contract and also a couple of closings got delayed. That is the nature of this business and real estate in general. Plans always change and nothing ever goes exactly as planned. That’s ok, because I expect the unexpected at this point. Our gross profit for this month was pretty healthy as well.
Income Report – January 2023
January 2023 was our best month ever! For awhile there, I thought we were going to hit our first million dollar month. It wasn’t meant to be because I had a couple deals fall through and a couple more got delayed. The revenue of $728,137.29 was a big milestone for our business and now I’m confident that a million dollars a month in revenue is well within our reach.
Income Report – April 2024
Well, this wasn’t my best month. In fact, it was a big disappointment.
The revenue was much lower than we anticipated. Yes, $207,164 is a lot of money, but based on the trajectory and track record, I would like to see this much higher.
The gross profit for April was $67,131.47. This is a sizeable amount of profit, but not nearly what I need it to be at this level.
The big problem for April was that I only closed 2 deals.
Income Report – March 2023
March was a pretty good month! We didn’t top our record setting January, but we weren’t too far off with $674,265 in revenue for March. This is the exact amount of revenue that was wired to our bank account in March. If we multiplied that out fo the year, that would be $8,091,185. That’s good, but a little short of my $10 Million goal for 2023. I’ve got some work to do! The gross profit for March was $275,156 which I’m pretty happy with!
Income Report – February 2023
I had high hopes for February, but it fell a little short. But, can I really be upset about $464,159 of revenue? Not really. Although we didn’t top last month’s record figure, we still did pretty well. We had a couple of deals fall out of contract and also a couple of closings got delayed. That is the nature of this business and real estate in general. Plans always change and nothing ever goes exactly as planned. That’s ok, because I expect the unexpected at this point. Our gross profit for this month was pretty healthy as well.