Flipping furniture

So I've been trying to come up with ways of making extra cash.. One idea was buying old wood chairs, tables, cabinets etc, and fixing up a little and painting and selling for a profit. Has anyone done this or know anything about the possibility of pulling this off? Is it just an unreasonable pipe-dream?

Quote: ewjones

So I've been trying to come up with ways of making extra cash.. One idea was buying old wood chairs, tables, cabinets etc, and fixing up a little and painting and selling for a profit. Has anyone done this or know anything about the possibility of pulling this off? Is it just an unreasonable pipe-dream?

My aunt has been trying to do a similar thing to bring in some extra cash during her retirement. I think the hardest part is knowing how to identify valuable but under-priced items, and then know where to find those items.

My guess would be that it's not a pipe-dream, but as a novice in the field you're probably up against some fierce competition and a learning curve. I wouldn't know where to begin on breaking in to this, to be honest.