Increased Material Cost for Rehab?

[Ramsey Persing]

Hi All, 

I'm new to the community and been looking into starting BRRRR investing. One thing I've heard multiple times from friends (one who is a contractor himself) is that material costs for rehab have increased dramatically the past year. For those of you with a lot of experience, are you seeing this with current projects? Has it increased your rehab costs by a certain percentage?

As excited as I am to get into the game, I can't help but feel like I missed it by a year and won't be able to find deals that will be worth it after rehab. So, I guess I could use some encouragement that it's still been possible or the honest truth, it's just not a good time for BRRRR right now.