Author(s): Alika & Rahul Rai
Buy and Hold explains how the average person can achieve greater financial security through long-term property investment. Other books on the subject of property investment advise you to give up your regular work and move into property investment on a full-time basis. The authors of Buy and Hold argue that it is actually more effective for your investments and financial goals if you continue with your existing career. Alika and Rahul Rai have successfully followed this approach and have steadily achieved financial security while continuing to go about their everyday lives. They have renovated houses themselves and used tradespeople, employed property managers or used friends to manage their properties, bought in small towns and large cities – they know exactly what they would do again and what they wouldn’t. They have shared their experiences in this book because of their strong belief that absolutely anyone can do the same thing. Buy and Hold takes the fear factor out of investing in property, and shows that owning multiple properties doesn’t have to be a dream that only other people achieve. By understanding the long-term nature of the ‘buy and hold’ strategy, it will lead to financial independence and along the way many other personal rewards.
ALIKA and RAHUL RAI are typical parents whose focus has been on raising great children, and their priority has been the family unit. They also have careers, and their pay cheques go towards growing real assets, which has brought them to a point of financial independence – from owning one property 15 years ago, they now have over 50 in four countries. Their goal is to share their 15 years of experience and help others to achieve total financial freedom, a strategy that is particularly relevant in these turbulent economic times as the ‘buy and hold’ system does not depend on the current market conditions. Alika and Rahul also have an effective strategy for sharing their wealth through perpetual philanthropy. The concept of this is that the eventual mortgage-free rents of some houses will go to charities in New Zealand and overseas.