He Lost £30,000 at 22... Then Owned 13 Properties by 26 with Adam Newlands

In this episode of the Scottish Property Podcast, we’re joined by Adam Newlands, a 26-year-old accountant who rebuilt his finances and went on to build a 13-property portfolio after losing £30,000 in his early 20s.Adam shares a brutally honest account of how chasing “rent-to-rent” opportunities in England — influenced by online algorithms and high-profile property education — led to financial losses, compliance issues and hard lessons. But instead of quitting, he regrouped, refocused on Aberdeen, and built a sustainable business through deal sourcing and disciplined investing.This is a powerful conversation about resilience, accountability and why local knowledge always beats hype.

🔑 Key Highlights

💼 From Apprenticeship to Investor

• Completed a modern apprenticeship with a large chartered accountancy firm in Elgin.

• Qualified as an accountant before seriously pursuing property.

• Took a different route from the common offshore career path in his hometown.

💸 The £30,000 Lesson

• Invested in rent-to-rent service accommodation in Margate and Bath.

• Projected £200 nightly rates turned into £90 realities.

• Faced significant monthly losses and compliance issues.

• Lost approximately £30,000 of personal savings by age 22.

• Learned the dangers of relying on online “guru” projections without local knowledge.

🔄 The Pivot

• Sought local, in-person education in Aberdeen.

• Prioritised community and accountability over remote training.

• Switched focus to deal sourcing to generate upfront capital.

🏘️ Aberdeen Opportunity

• Identified strong opportunities in the Aberdeen flat market.

• Secured their first profitable deal on Jasmine Terrace for a £1,500 fee.

• Built momentum by finding credible deals first — then matching them with clients.

🚀 Portfolio Growth

• Reinvested profits strategically.

• Built to 13 properties by age 26.

• Used early failure as fuel rather than an excuse to quit.