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
