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Updated over 10 years ago,

Travis Russell's profile image
Travis Russell's profile image
Travis Russell
  • Rehabber
  • from Chicago, Illinois
  • Member since Feb 5, 2014
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Travis Russell's profile image
Travis Russell's profile image
Travis Russell
  • Rehabber
  • from Chicago, Illinois
  • Member since Feb 5, 2014
Connect
Travis Russell
  • Rehabber
  • Chicago, IL
0
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44
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General Real Estate Investing

2% Rule in Chicago?

Travis Russell
  • Rehabber
  • Chicago, IL
Posted

I am VERY late to the game on this one, but does the 2% rule actually work in Chicago in A and B neighborhoods?? If I understand correctly, a $300k property should rent for $6,000/month? This sounds like high rent for even somewhere like NYC (where the purchase price would be $1.4M!!) What am I missing?

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