Ajay Ahuja (businessman)

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Ajay Ahuja
Ajay Ahuja Author.jpg
Ajay Ahuja in 2016
Born (1971-12-28) 28 December 1971 (age 46)
Harlow, Essex, England
Nationality British
Alma mater LSE, London
Occupation Author and businessman
Website ajayahuja.co.uk

Ajay Ahuja (born 28 December 1971) is a British author and buy to let landlord.[1]

Early life[edit]

Ahuja was born and raised in Harlow, Essex, attended Stewards Academy, Harlow College[2] and the London School of Economics and went on the become a chartered accountant working for Deloittes.[3] He resigned at age 27 to become an entrepreneur,[4] he says that a miracle metaphysics book he read while in college changed his life.[2]

Career[edit]

Ahuja had a starting investment of just £500,[5] he let out his first property in 1997 and he called the profits "beer money".[3] By 2006 he had built up a portfolio of 150 properties worth more than £10m by buying properties with buy to let mortgages and remortgaging these to raise deposits to buy even more properties;[6] in 2005 he was ranked number 7 in the Young Asian Rich List.[7] He was featured in the BBC's Money Programme in connection with the phenomenon called "fly to let" where property investors were investing further afield.[8] By 2015 he owned 200 properties worth £14m[4] however he stated he was selling up and reinvesting in cheaper areas due to tax changes[1]

He has written 15 non-fiction books and 5 novels,[9] his most successful book to date is The Buy To Let Bible which has sold more than 100,000 copies.[1]

Controversies[edit]

Northern Rock[edit]

Ahuja was accused of profiting from other people's misery and given nicknames such as "Repo Hunter"[10] and "Property Jackal"[11] for his ruthless approach of buying repossessed homes.[12]

Arson and firearms incident[edit]

One of his maintenance men had a gun pulled on him and two of his buy to let flats sustained significant fire damage in 2009 in Helensburgh, Scotland.[13]

Funding cuts for libraries[edit]

He was critical about proposed cuts to funding for libraries insisting that the community gets a far greater return from the investment.[2]

Personal life[edit]

Ahuja lives with his wife Hana Mayerova at their 6 bed Georgian house in Cambridgeshire,[4] he is the brother of the journalist Anjana Ahuja. He is a keen car collector, his 1995 Bentley Continental R was featured on the front page of Classic Car Weekly[14].

Bibliography[edit]

Nonfiction[edit]

Fiction[edit]

References[edit]

  1. ^ a b c Collinson, Patrick; Osborne, Hilary (12 December 2015). "What next for buy-to-let landlords struggling to make ends meet?". The Guardian. ISSN 0261-3077. Retrieved 30 April 2017. 
  2. ^ a b c "Book spending by Essex Libraries halves in five years". Hertfordshire Mercury. 4 January 2017. Retrieved 30 April 2017. 
  3. ^ a b Price, Eluned. "Building a fortune out of beer money". The Daily Telegraph. Retrieved 30 April 2017. 
  4. ^ a b c "'It's bargain city': Says the jackal looking to profit from the property slump". Daily Mail. Retrieved 30 April 2017. 
  5. ^ Levene, Tony (27 February 2004). "Buy-to-let: Does it still make sense?". The Guardian. ISSN 0261-3077. Retrieved 30 April 2017. 
  6. ^ Pickard, Jim (17 August 2006). "Hangovers threaten the buy-to-let party". Financial Times. ISSN 0307-1766. Retrieved 30 April 2017. 
  7. ^ "YOUNG, ASIAN & LOADED. – Free Online Library". thefreelibrary.com. Retrieved 1 May 2017. 
  8. ^ "BBC NEWS | Business | Property speculators look further afield". BBC. Retrieved 30 April 2017. 
  9. ^ "Amazon.co.uk: Ajay Ahuja: Books, Biogs, Audiobooks, Discussions". Amazon.com. Retrieved 30 April 2017. 
  10. ^ "Victims of the repo hunter: Northern Rock is accused of selling off 1,100 repossessed homes at bargain prices". Daily Mail. Retrieved 30 April 2017. 
  11. ^ "'It's bargain city', says property jackal". This is Money. Retrieved 30 April 2017. 
  12. ^ "Northern Rock: The repossessed homes sell-off". This is Money. Retrieved 30 April 2017. 
  13. ^ "Fire was last straw". Helensburgh Advertiser. Retrieved 30 April 2017. 
  14. ^ "IN THIS WEEK'S ISSUE - 4 OCTOBER 2017". Classic Car Weekly. Retrieved 2017-10-08. 

External links[edit]