Should I jump into a major rehab with the cost of materials

[Jeff Modjeska]

I want to brrrr or flip properties and was super pumped, ready to jump in but I'm seeing the cost of rehab material out of control... Curious what other BP investors are thinking about these issues? I know you want to buy the property at the right price based on the numbers but how are other investors dealing with today's material costs with major rehabs and staying on budget or estimating the true cost to do a major rehab?

I live in Madison Wisconsin listed below are my average costs for a few basic rehab materials.

- 4X8 drywall 1/2" $15

- 2X4X8' $14

- 4X8 5/8" OSB & Plywood $59 sheet

I also checked with several appliance stores for appliance packages and stock and availability seems to be a challenge for a matching appliance package as well as the price has climbed quite a bit?

Thoughts - Comments?

[Marcus Auerbach]

We still have some $5,000 houses in the inner city of Milwaukee - maybe you want to buy a few and sell them for parts :-)