Budget Adjustments due to Covid-19

[Stephen Bennett]

I'm curious and wanted to ask the veteran house flippers and rehabbers what they have done to adjust for the inflation we've seen in building materials and labor. Do you just check out what the prices are online or call different subs or contractors and adjust accordingly? Also, how have you adjusted your quick estimate? For example, a simple rehab may have cost $22 a square foot 2 years ago. How do you adjust those numbers to work in today's market?