Having contractors purchase on your Lowe's/Home Depot Pro Account
Hi BP!
We are thinking of opening up a Pro account at Lowe's and Home Depot. They have a program where your contractors can come into the store and pick up the materials that you order. It is just billed to your account. Also, contractors can go collect materials, and Lowe's/HD will call you with an itemized list of materials being purchased so that you may approve or deny before they put on your account and leave the store
Was curious if anyone is doing this, and also what the risk implications of doing this are? Only thing that stands out to me is that they could steal materials, and this is just paying them upfront in a different form as opposed to the 10-30% cash of the project's cost
Seems to be a good option if doing a decent volume of home flipping, but would love to hear other's opinions