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.
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.
2022 was a year where we saw tremendous growth in our land-flipping business. Not only from a financial standpoint, but we were also to turn our land flipping operation into a well-oiled machine with multiple team members working together towards the same goals.
Overall December 2022 was a pretty solid month. Most of the metrics were a little below average for this month. I made a big push at the end of the year to try and clear out inventory that had been on the books for too long. This meant lowering the prices until they sold. As a result, the average profit per deal and the average days in inventory really got skewed for the worse.
November was a really solid month! Our revenue was well above our average for 2022 and on a path to bigger revenue in the future. If broken down to a daily amount, that would be $14,678.96 per day.
Overall, October 2022 was a pretty average month for us. It’s funny, but most of the metrics for this month fell within the running averages for 2022 as a whole. The October Revenue of $275,462.13 breaks down to $8,885.88 per day.
Revenue for September is right around our average so far for 2022. Although I’d like it to be higher, it was a solid month all around. The gross profit for the month was $147,107.00. That averages out to about $4,903.36 per day in profit.
Let’s start with the revenue of $322,223.92. This is above our 2022 average so far and I want to keep this trending up. If you break it down to a daily number, we took in $10,394.32 per day! Gross profit was great in August at $153,500! That’s a 47.64% margin.
Our revenue this month was just shy of a half a million dollars. That’s the actual money that was wired into our accounts from the properties we sold. This was our best revenue month ever! July just beat out March of this year to take the title.
We did sell a total of 6 properties this month which is pretty good. Again, it’s just that as a whole, these were less valuable properties than we’ve sold previously. Based on our revenue this month, the average sale price was less than $30k.
The revenue figure of $208,782.57 is below our average for the year. The big reason for this lower than average number is the fact that we only closed 3 deals. A couple of the deals that were supposed to close in May have been pushed back to a June closing.
Revenue (total income) for the month was was $264,322.07. This averages out to about $8,811 per day. While I’m always looking to do more, this is pretty good. Especially when you consider that we sold our first property using this model just over 1 year ago in March of 2021.
March 2022 was an exceptional month all around and I’m here to show you why! This was our best revenue month ever taking in $479,193.91. Thats’ a pretty good chunk of change and helps make up for last month’s subpar performance.
A number of the properties that we have under contract to be resold have either been delayed or are due to close next month. That’s ok though. I’m projecting March to be a really good month that will hopefully help erase the bad stigma.
The average gross profit per deal is low. In 2021, I averaged about $20k over all of our deals. This number is lower this month because I had a couple of smaller deals that brought the average down. Keep reading to see the details below on each deal.
I consider 2021 a very successful first year in the land flipping and development business. First, I was in an intense learning mode for most of the year. In fact, I still feel like I’m learning new things each day.