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 45)
Harlow, Essex, England
Nationality British
Alma mater LSE, London
Occupation Author and businessman
Website ajayahuja.co.uk

Ajay Ahuja (born 28 December 1971) is an English 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]