Here's a trade secret I'll share with you. I will tell you how I get 20% off Home Depot. I don't use the bid room necessarily since they require a $2,500 minimum, and there are some projects where I buy materials in stages so I don't buy everything all at once. I will use the bid room on larger projects.
But in general, I get 20% everything by:
1. getting a bunch of 10% Lowes coupons ( you can buy them on ebay for about 50 cents to 75 cents each) which Home Depot will honor. Each coupon is good for any total transaction up to $5,000.
2. then I buy a bunch of $500 Home Depot gift cards ( you can get them on ebay at a discount of 9%, so a $500 gift card sells for $455)
3. I use my Amex Blue card on my PayPal account to make the Home Depot gift card purchases. My Amex Blue gives me 1.5% cash back on all purchases. (this part will not be easy for most people, because you need really good credit to get an Amex Blue card, but you get the idea, and there are plenty of cash back cards. Even debit cards offer cash back of 1% to 1.25%)
After I do all of the above. I take my gift cards and my 10% off coupons to Home Depot and use them to purchase anything and everything I need.
On a typical flip project, I'm going back and forth to Home Depot all the time. I might spend about $7,000 or more by the time I'm done. So that's a $1,400 savings if I use these methods.
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hi, that's a great tip. I spend sometimes 10k a month at HD and just getting those gift cards seems like an easy way to save. I also read your articles about buying, fixing and doing a lease-purchase. I had been offered a similar deal in Mississippi a few years back but was leary because of the distance from California. This sounds better. Thank you for a good site!
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