Ajay Ahuja (businessman)

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Ajay Ahuja (businessman)

Ajay Ahuja in 2016
Born (1971-12-28) 28 December 1971 (age 50)
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

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 Deloitte.[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

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

Northern Rock

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

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

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

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

Nonfiction

Fiction

References

  1. 1.0 1.1 1.2 Collinson, Patrick; Osborne, Hilary (12 December 2015). "What next for buy-to-let landlords struggling to make ends meet?" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/money/2015/dec/12/buy-to-let-landlords-struggling-tax-increases. 
  2. 2.0 2.1 2.2 "Book spending by Essex Libraries halves in five years" (in en). Hertfordshire Mercury. 4 January 2017. http://www.hertfordshiremercury.co.uk/book-spending-by-essex-libraries-halves-in-five-years/story-30031146-detail/story.html. 
  3. 3.0 3.1 Price, Eluned. "Building a fortune out of beer money" (in en). The Daily Telegraph. https://www.telegraph.co.uk/finance/property/3345791/Building-a-fortune-out-of-beer-money.html. 
  4. 4.0 4.1 4.2 "'It's bargain city': Says the jackal looking to profit from the property slump". Daily Mail. http://www.mailonsunday.co.uk/news/article-1092577/Its-bargain-city-Says-jackal-looking-profit-property-slump.html. 
  5. Levene, Tony (27 February 2004). "Buy-to-let: Does it still make sense?" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/money/2004/feb/28/buyingtolet.property. 
  6. Pickard, Jim (17 August 2006). "Hangovers threaten the buy-to-let party". Financial Times. ISSN 0307-1766. http://www.ft.com/cms/s/0/b4ee706e-2d8c-11db-851d-0000779e2340.html?ft_site=falcon&desktop=true. 
  7. "YOUNG, ASIAN & LOADED. – Free Online Library". thefreelibrary.com. https://www.thefreelibrary.com/YOUNG,+ASIAN+&+LOADED.-a0130689496. 
  8. "BBC NEWS | Business | Property speculators look further afield". BBC. http://news.bbc.co.uk/1/hi/business/3736964.stm. 
  9. "Amazon.co.uk: Ajay Ahuja: Books, Biogs, Audiobooks, Discussions". Amazon.com. https://www.amazon.co.uk/Ajay-Ahuja/e/B00JH80LI2/ref=sr_ntt_srch_lnk_1?qid=1493572406&sr=8-1. 
  10. "Victims of the repo hunter: Northern Rock is accused of selling off 1,100 repossessed homes at bargain prices". Daily Mail. http://www.mailonsunday.co.uk/news/article-1092547/Victims-repo-hunter-Northern-Rock-accused-selling-1-100-repossessed-homes-bargain-prices.html. 
  11. "'It's bargain city', says property jackal". This is Money. http://www.thisismoney.co.uk/money/mortgageshome/article-1648797/Its-bargain-city-says-property-jackal.html. 
  12. "Northern Rock: The repossessed homes sell-off". This is Money. http://www.thisismoney.co.uk/money/mortgageshome/article-1648724/Northern-Rock-The-repossessed-homes-sell-off.html. 
  13. "Fire was last straw" (in en). http://www.helensburghadvertiser.co.uk/news/13975367.Fire_was_last_straw/?commentSort=score#comments-anchor. 
  14. "IN THIS WEEK'S ISSUE - 4 OCTOBER 2017" (in en-US). Classic Car Weekly. http://www.classiccarweekly.co.uk/buy-the-paper/2017/10/4/in-this-weeks-issue-4-october-2017. 

External links

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