1% rule in Chicago suburbs

[Mounish Thatikonda]

In the prevailing market conditions of Chicago suburbs, are there opportunities that adhere to the 1% rule, ensuring a positive cash flow in 2024?

[Dave Kush]

There are definitely cash flow positive deals. I find that the one percent rule is merely a way to scan (mostly on market) properties to see how close they are to cash flow. I have never used it as an ironclad rule. To be honest, I've never used it at all.

I operate in the Chicagoland suburbs. There are deals to be had. You have to be diligent and consistent to find them. Most houses cannot be bought at a price sufficient to cash flow. It's a process to locate the ones that do.