Construction Prices and Profit

[Rita Banhunyadi]

I'm wondering if you can still make decent profit with rehab projects with real estate prices so high and construction material prices so ridiculously high. I've looked at a few properties recently where I was told the property is selling at a good price, but once the contractor gave the estimates all the potential equaty was gone. Maybe I just didn't find the one, but wondering if it's just not the right time for a non-pro.