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Pete and Heather Reese for Turning Profit Podcast

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

Land Flipping Income Report – October 2023

Land Flipping Income Report – October 2023

October was our best month ever in many ways! It was also our second consecutive month topping $1 million in revenue. We finished the month with revenue of $1,490,252. For reference, that’s more revenue than I generated in 2021 (our first year in the business).

Land Flipping Income Report – September 2023

Land Flipping Income Report – September 2023

September was my first month ever over $1,000,000 in revenue!! This was one of those big benchmarks I’ve been shooting for a long time, and I finally did it. It feels good to hit this number, but the crazy thing is, it already doesn’t feel that impressive to me. Spoiler Alert: I should easily surpass $1,000,000 in revenue in October as well.

Income Report – August 2023

Income Report – August 2023

August was a good month by some standards in our business, but we also fell short in a couple of major categories. The revenue for August was $548,659. This is slightly above average for the year. I’m constantly pushing to generate as much revenue as possible. I was originally planning to get to $10 million in revenue in 2023, but unless we have a few blockbuster months to close out the year, I don’t know that it is going to happen.

Income Report – July 2023

Income Report – July 2023

July was the worst month we’ve had in a while. Of course, it directly followed the best month we’ve ever had (June $729,254).

We finished out the month of July with a total revenue of $183,448. This is the lowest revenue total we’ve had this year, and it kind of messes up my numbers. 🤣

The gross profit for the month was $69,212. This is a 37.72% gross margin. This is also not as high as I’d like to see it, but it’s something to strive for in the future.

Land Flipping Income Report – October 2023

Land Flipping Income Report – October 2023

October was our best month ever in many ways! It was also our second consecutive month topping $1 million in revenue. We finished the month with revenue of $1,490,252. For reference, that’s more revenue than I generated in 2021 (our first year in the business).

Land Flipping Income Report – September 2023

Land Flipping Income Report – September 2023

September was my first month ever over $1,000,000 in revenue!! This was one of those big benchmarks I’ve been shooting for a long time, and I finally did it. It feels good to hit this number, but the crazy thing is, it already doesn’t feel that impressive to me. Spoiler Alert: I should easily surpass $1,000,000 in revenue in October as well.

Income Report – August 2023

Income Report – August 2023

August was a good month by some standards in our business, but we also fell short in a couple of major categories. The revenue for August was $548,659. This is slightly above average for the year. I’m constantly pushing to generate as much revenue as possible. I was originally planning to get to $10 million in revenue in 2023, but unless we have a few blockbuster months to close out the year, I don’t know that it is going to happen.