By Nic Cicutti, MSN Special CorrespondentThere aren’t many investors who can honestly claim to have started out with £500 and built up a portfolio worth £10 million in just 10 years. Ajay Ahuja has done just that – investing in buy-to-let properties.
Ajay, aged just 34, currently owns about 150 properties, with numbers rising every week. And when he tells you that his aim is to boost that number up to 1,000 properties in the next five years, the equivalent of a large village’s entire housing stock, you find yourself believing him.
He is, after all, one of probably not more than a few hundred people across the UK who have made the transition from small-time owners of one or two homes, rented out on the side to supplement their income, to something far more spectacular.
In the process he has also build up a series of lucrative sidelines in property-related services, from maintaining a website and dispensing twice-daily newsletter tips to subscribers, writing books on how to invest in housing, to finding other people residential properties for a fee.
Yet the lessons learned by Ajay are universal. They apply just as much to people who are starting out on the buy-to-let path as they do for people ready to move on to the next stage.
Moreover, in common with tens of thousands of other property owners who became buy-to-let investors, his conversion to serial ownership of bricks and mortar was accidental, a by-product of needing to find a tenant for his own home.
Ajay, aged just 34, currently owns about 150 properties, with numbers rising every week. And when he tells you that his aim is to boost that number up to 1,000 properties in the next five years, the equivalent of a large village’s entire housing stock, you find yourself believing him.
He is, after all, one of probably not more than a few hundred people across the UK who have made the transition from small-time owners of one or two homes, rented out on the side to supplement their income, to something far more spectacular.
In the process he has also build up a series of lucrative sidelines in property-related services, from maintaining a website and dispensing twice-daily newsletter tips to subscribers, writing books on how to invest in housing, to finding other people residential properties for a fee.
Yet the lessons learned by Ajay are universal. They apply just as much to people who are starting out on the buy-to-let path as they do for people ready to move on to the next stage.
Moreover, in common with tens of thousands of other property owners who became buy-to-let investors, his conversion to serial ownership of bricks and mortar was accidental, a by-product of needing to find a tenant for his own home.
No comments:
Post a Comment