Rising cost of building materials?

[Neil Adams]

So I’ve noticed lately that costs of building materials have severely increased over the last year. Between the deficit of plastics coming out of Texas, a decrease in supply from the lumber industry as ppl got laid of during the pandemic, rise in shipping cost, and on top of that.... an increase in remodels from those putting their stimulus checks to work for them. All of which has lead to doubling in price of lumber, drywall, and many other supplies.

So flippers, or investors using BRRRR..... basically anyone who does rehab to their properties after purchase. How have you adjusted your business strategy to compensate for increased prices on certain material costs?