South Philly Flipping

[Dan Powers]

As everyone knows the cost of rehabbing a property continues to rise, lumber being the biggest factor in that. In the south philly market your typical full gut used to run roughly 80k for a standard 1000 sqft row. With construction costs soaring I'm now seeing quotes for nearly 100k+ all said and done, I want to know what rehab budgets are everyone allocating to your projects? What costs have increased the most (besides lumber), and what entry price still makes sense for you to jump on an opportunity given how hot the market is.