All Forum Posts by: Li Zhang

Hi ambitious investors I've question for you-- Where do you guys get REAL wholesale price materials like sinks, faucets and cabinets?

I checked lots of websites claiming they offer “Wholesale Pricing” but when you compare it’s not cheaper than Home Depot. While Home Depot give contractors 10% off. But hey, it’s nothing compare to REAL wholesale price.

I guess the construction companies and big contractors have access to the main importers. A normal investor probably don’t have much choice. Take an example of 32 or 33*18*9 double bowl sink, the cheapest you can find at home depot is around $60, but it’s paper thin22 gauge(0.029’’)! If you are going to use it for a 50k home it’s fine. But a better area demands at least 18gauge sinks (thickness 1.2mm(0.05’’) and considered the golden standard of kitchen sink). It costs anywhere between $149-$299 depending on the brand name.

So, I have an idea, if we can combine everybody’s needs and import directly, we can save 50% of the retail price! I can find top-tier manufacture with cUPC certification to send us a container over(I’m a Chinese of course, I was in import-export business before I came to the States to have my MBA at Notre Dame). Same situation as to faucet- a cUPC certified, decent, all brass, pull down faucet should cost not more than $60. A beautifully designed bathroom all brass faucet $40. I’m talking about all mid-high level stuff you can use for a decent project not the low level thing.

Therefore, I’m trying to investigate if there’s enough interest in this community. If yes, I can easily make it happen. I’ll get the goods here, put up a website or facebook group to list them and you can just purchase. I’m in Philadelphia so all local guys can come to pick up without having to pay shipping.

IF you are interested, please reply under with name, email address, material interested in like—18 gauge kitchen sink, single bowl, 32’’. Or Pull down faucet, bathroom faucet, shower trim…etc. I’ll import the most wanted stuff first. The lead time will be around 60 days so not for your immediate project. But it’ll be good if you do planning for second half of the year. PM me also works! Thank you and happy investing!

Hi Jason, yes I also heard the hurdle for high end flip is really capital. Holding cost can be super high that it'll kill all your profit. Maybe start from middle range (like 200-300K) to accumulate your own capital (and experience) then go from there. I'll pay attention to your progress. Let's learn together! Good luck!!!

Hi Jason, How's your project going? Did you end up doing it? I'm a new investor also and i'm interested in high-end flip. But as you can see there are lots of barriers. Hope you are getting good luck there...

Please share your progress. highly appreciate it!

 @Lee Chen Thanks! let's stay in touch!

Hello BPers, glad to find this amazing community! 

I'm a newbie looking to connect with seasoned investors/realtors/brokers/wholesalers/contractors/attorneys/property managers to learn the dynamic of the market and start building my future team. 

I've a full-time job so flip is probably not my thing. But I like the BRRR strategy and I'm thinking to start with a multi-family, force appreciate and rent out. My questions is, which area shall I focus on? I heard people talked about University city, Manayunk,Roxborough, the main line....Also, if i have 500K to play, what price range brings the best return?

Thanks everybody for your help!!!

Great Job David! I'm a Chinese and a newbie. Your story is really encouraging! Good luck in your journey and please continue sharing it.