stockpiling supplies

[Laura R.]

HI All, I am new here but have been lurking for quite a while. My husband and I have narrowed down our property search and are almost ready to make an offer on our first property to flip. I do have a question though about construction and finish materials.

I am very good at sniffing out bargains. What I have almost always found to be the case with a great bargain is, if you don't grab the item at the time, it will not be there long and you will not see that deal again.

Do you guys just buy random items because they are a great deal and set them aside for some future job? Can you deduct that expense if it is not specifically bought for a property you already own?