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?

[George P.]

no. i am not a pack rat hoping that in 3 yrs i might use that (can of soup, napkins, butane torch, etc, etc). this is not a 3rd world country. we have everything all the time. and yes, i came from a country that had nothing 365 so i know what i am talking about

paying 50 cents less and keeping it for 4 yrs is a waste of money. i will never understand why people do that. but that's what makes shows like "couponing" so popular.