How valid is the 11s rule now that prices have gone through the roof? I have started looking after buying the book and all the prices I have worked out using this rule are approx 50 to 75% of the asking price. The absolute best/worst I have seen is 105 from the rental return/11s rule and the ad invited offers of 280 plus, meaning that the property would probably go for over 300. Am I looking at the wrong properties or in the wrong place?

grumpy
It is impossible to make things foolproof because fools are so ingenious!