Ajay Ahuja at it again - Crash denial

Ewarwoowar2

He's obviously got a lot of time on his hands to trawl the internet:

was surfing around and found a posting that was talking about me and my articles and how many spelling, grammar, punctuation and capital letter mistakes there are. The reason for this is because I am an investor. I think in numbers. I write my articles quickly and just bang them out. I write them in word and usually the spell checker picks up most however some slip through.
I did actually get a grade A in English Language and Literature at GCSE but obviously I have forgot a lot!

http://www.ahuja.co.uk/property-news/ajays-blog/date/2009/03/

Oh, I see numbers is your bag.

If you are putting10% down to buy a property and gaining 17% then you will be making a 170% return on your money. Now that's what I am talking about!

http://www.ahuja.co.uk/property-news/ajays-blog/date/2009/01//house-prices-down-again-this-month/

So I buy a house for £100k with 10% down i.e. £10k. The property rises 17% in value to £117k. My original stake of £10k has risen to £17k, an increase of £7k. This is a 70% rise. A 170% return would be for the original £10k to increase to £27k.

This guy is to be avoided. I suspect that he has no properties. What he's selling is subscriptions to his website/newsletter. Emperors new clothes tactics.

mp2

ajayahuja wrote: »

thank you for discussing my techniques.

Now with regards to fraud it is very easy for anyone on the outside to cast that accusation. However if you are priviliged to see how it works you will see that it is not fraud.

full disclosure is applied. the lender knows exactly what is going on.

if the surveyor gives a property a value then this is the value the lender will use to lend on. we do not bribe the surveyors and the survey is conducted at arms length.

what we do do is provide the surveyor with comparables and try to steer the surveyor to the value we need for the deal to be a No money down deal.

Let me tell you this only works 50 -60% of the time. when it fails we either have to renegotiate the deal or walk away. it is as simple as that.

we have now expanded to scotland as we have got approval from a solicitor that it fits with their systems now.

now this is the real big thing, so all those aspiring millionaires listen up:

SCOTLAND YIELDS!

so now you can do no money down high yielding property investment. if anyone is in property they will understand what i am talking about.

i plan to buy 1000 properties over the next 2 years as long as this dip in values remain. i can get high yields for my clients and they have to put very little in, sometimes cashback.

the market is better than when i first started. i needed to find deposits (by remortgaging). now i do not even need to do this.

to find out more or join my newsletter visit www.ahuja.co.uk

ajay, in a lot of your blogs you talk about a recovery in the market, however i just want to make sure that your do know that the market will NEVER recover to the levels we once saw.

and its not just a matter of wont - it cant.

mortgage backed securities and cdo's which drove the bubble, no longer exists. its dead now. no one is creating these products anymore.

the credit crunch has meant that the credit market that used to drive the bubble has now gone forever. lehman brothers, merrill lynch, goldman sachs, bear stearns, morgan stanley, all the investment banks that engineered the loans are now gone, gone, gone.

thast why were seeing such massive de leveraging in house prices. house prices arent crashing - theyre returning back to normal.

high street banks will never return to the levels of previous borrowing, theyre not stupid enough to make the same mistakes twice.

as a result when you talk about things picking up when banks returning to normal levels of borrowing, by the same token, house prices will also return to normality i.e back to down to equlibrium. today prices are still way over priced as an average.

the only way house prices can be propped up is if banks go back to being loose with their lending. they wont. and they wont for the foreseeable future. lending will never return to how it once was.

now you may think, well i can get access to loose borrowing so im ok, but that doesnt matter, if the average man on the street cant, then nationwide prices cant be supported and will continue to drop back to normal prices i.e closer to 1999-2000 levels. normal lending and normal borrowing leads to normal house prices.

in essence the housing market is returning to the traditional price 3.5 times earnings because thats where the equilibrium is. the average salary in the UK is £24k so based on historical levels over the past 50 years, real house values today are actually probably closer to £90k for a nationwide average.

so far its dropped from 197k at the peak to 147k today. theres still a long way to go. to give an idea and comparable of what is possible, the Japanese housing market has fallen for 18 years in a row since 1991 after their similar housing/credit bubble in the early 90's.

the credit market that propped up the housing market has gone forever and house prices will continue to fall back to normal levels until it reaches equilibrium.

nothing can stop that unless the industry returns to risky and loose lending - and that will never ever happen again.

Conrad

Aj

In 2006 I posted on your forum that prices here and in the US would crash. You simply did not see it comming, so I fail to see why anyone would wish to follow your advice now.

I invest in Germany for 11%+ yields. Scotland is not the place to invest now. North Morocco (a few km from Spain) is probably the best place on Earth to invest if you stick to the Government Plan Azure resorts, but as ever you will miss this one as you are so deafened by your own arrogance

http://www.lejardindefleur.com/site/home.html

ajayahuja

You lot are a vicious lot!

Thanks for the few that have supported me.

Now to the facts. I never pay more than £80k for a property. in fact 90% of the properties I buy for myself are under £50k and most bought at £40k ish.

I am currently buying properties at the £14k to £25k mark. I have a commercial lender and I bridge and remortgage as it is simpler than the other no money down technique i described earlier. My clients use this as they do not have commercial finance as they only deal with large clients (borrowing in excess of £1m).

So those who talk about bubbles and over priced assets should be really aiming this at those who bought at 6% yields and less.

I currently have 200 properties that bring in £65k a month in rent and my mortgage costs are £25k per month. Thats a £40k gross profit per month. knock off another £10k for repairs, insurance credit control and voids.

My portfolio may have gone down in value but I do not care! i ain't selling. i am buying! Target 1,000 properties by end of this year.

As long as there is a recession, there is low interest rates which means high profits for any buy to let landlord.

when inflation kicks in, we'll have interest rate rises coupled with rent rises and property price rises.

one day guys you will realise that property is the only investment that makes you rich coz you get to borrow so heavily to make the investment.

cant do that with stocks etc.

Sometimes you have to face it. highly leveraged investors win either way:

1. in recession you have nice cashflows and no capital growth
2. in a boom you have no income but high capital growth

If you want to find out more visit: https://www.ahuja.co.uk and join my newsletter. if anything you'll be entertained!

Ajay

ajayahuja

Ewarwoowar2 wrote: »

He's obviously got a lot of time on his hands to trawl the internet:



Oh, I see numbers is your bag.



So I buy a house for £100k with 10% down i.e. £10k. The property rises 17% in value to £117k. My original stake of £10k has risen to £17k, an increase of £7k. This is a 70% rise. A 170% return would be for the original £10k to increase to £27k.

This guy is to be avoided. I suspect that he has no properties. What he's selling is subscriptions to his website/newsletter. Emperors new clothes tactics.

I think you have got it wrong here.

Equity is value of property (£117k) less debt (£90k) = £27k.

so your initial £10k has turned in to £27k. thats a 170% return to me!

numbers are my game as I am a chartered accountant. ex-Deloittes. You?

ajay

GonzoAston

Why did you pretend to be other people if you are genuine Ajay?

Why should people trust anything you say when you hide behind personas?

You seem very dodgy to me!

ajayahuja

i did not pretend to be other people!

those people who posted comments are genuine people.

if you visit my site you will see i am a genuine business and there is no need for me to deceive. i have lots of people who have used my service. most are happy, the minority are not ( iam sure they will post something here). it just so happened that some of my clients have posted here.

i know most won't believe that. but those that realise it would be too damaging to my credibility to create "people" to defend me.

Ask MSE if this is possible to get IP addresses or some other way to prove it was not me OR any of my employees and I am happy to publish these results.

ess0two

ajayahuja wrote: »

i did not pretend to be other people!

those people who posted comments are genuine people.

if you visit my site you will see i am a genuine business and there is no need for me to deceive. i have lots of people who have used my service. most are happy, the minority are not ( iam sure they will post something here). it just so happened that some of my clients have posted here.

i know most won't believe that. but those that realise it would be too damaging to my credibility to create "people" to defend me.

Ask MSE if this is possible to get IP addresses or some other way to prove it was not me OR any of my employees and I am happy to publish these results.

Best of luck mate for the future,plenty here will blame you cos they cant get on the ladder.
You snooze,you lose

reduceditem

ajayahuja wrote: »

My portfolio may have gone down in value but I do not care! i ain't selling. i am buying! Target 1,000 properties by end of this year.

:rotfl:

Half-baked sales babble.

Conrad

pyewackitt wrote: »

Hi Ajay - hope your still reading this thread

I'd like to refer you to your website post last April where you state you intend to sell 57 properties (http://www.ahuja.co.uk/property-news/ajays-blog/selling/)

In particular im intrigued by your comment:



Now 50% capital growth over three years - when year one has been aprox. -15-20% (based on Nationwide and Halifax/Lloyds figures) doesn't seem very realistic to me... (this bbc page has a luvly chart on where property prices have gone http://news.bbc.co.uk/1/hi/business/7925481.stm)

In addition average rents are DECREASING due to flooded markets as many realise they can't sell at the inflated prices they were told their properties were worth (http://news.bbc.co.uk/1/hi/business/7910329.stm)

So... considering the reality how are those new properties working out for you?

Absolutely top post!!:beer: