Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

59
Posts
32
Votes
Marcela Hoag
  • Real Estate Broker
  • Seattle, WA
32
Votes |
59
Posts

Tips and Tricks for Finding More Affordable Materials for your Flips and Rentals!

Marcela Hoag
  • Real Estate Broker
  • Seattle, WA
Posted

Hello everyone, 

I thought I'd make a quick post for some of the newer investors here in the Greater Seattle and Tacoma areas who need to find affordable solutions to sourcing materials and finishes. Since rates are crazier than ever, holding costs can build up quickly, and it's more important than ever to maximize the value of the materials you're using to maintain your margins!

1. Regardless of where you decide to purchase materials, ask about contractor pricing and make sure that store knows you're a flipper/investor.
You can easily save 15%+ by making it known you're a flipper or an investor. This can save you A LOT in the short and long term, especially for big ticket items like flooring, tiling, paint, kitchens/bathrooms, etc.

2. If you're using a contractor, ask what kind of savings they have available at different stores. Since they have a longer history of purchases, they may have access to even bigger discounts than you!

3. There are a variety of stores around the area that sell like new or good quality materials from other construction projects, like Second Use, Habitat for Humanity, and more. Oftentimes, builders end up not using all their materials, and can't return them for a refund. They use these types of stores and organizations to recoup their costs or for tax write-offs. You can find flooring, tile, cabinets, mini-splits, finishes, and more. Recently, my husband and I found brand new high-end tile that was 80% off compared to Floor & Decor. These stores are also great for outfitting your rentals with furniture.

Feel free to add your own tips, and ask me any questions you have! 

Marcela

Most Popular Reply

User Stats

757
Posts
1,041
Votes
Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,041
Votes |
757
Posts
Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

Great tips.

On the furnishing sides of things, a lot of stores will have a business owner discount. Just got to ask for it and sometimes have a LLC.

Loading replies...