You DON’T Need 20+ Rentals to Quit Your Job, I Did It With Just 6 | Bigger Pockets Video
Episode #1129
Earn 10-12% Without Landlord Headaches with Ignite Funding:
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It doesn’t take long to replace your income through rental property investing. Just ask Miller McSwain, who quit his job two and a half years after buying his first rental property! But it wasn't a standard rental with just one tenant and one income stream that got him there. Instead, a new “mega cash flow” strategy got him to his goal in record time. It’s not short-term rentals, mid-term rentals, or house flipping, but something that might work even better.
Miller was a nuclear rocket scientist by day (yes, seriously) and a house hacker by night. He bought a property just after graduation, using his job offer as proof of income to the bank. He and his fiancée (now wife) lived in the basement while renting out the rooms on the top floors. He was saving tons on rent and living for almost free. So, why couldn’t he do this on a bigger scale?
He could, and he did. This “co-living” strategy became Miller’s new obsession. Now, he’s got six rental properties with over 40 tenants, making thousands of dollars a month from each property in pure cash flow. He’s sharing exactly how to do it and does so in-depth in his new book, "Co-Living Cash Flow," so you can quit your job, or at least replace some, or all, of your income with the fewest properties possible.
00:00 Intro
01:45 First Rental Right After Graduation
04:31 Living with Tenants
10:14 Sponsor: Ignite Funding!
11:04 Repeating (and Improving)
15:59 Remotely Managing Rentals
17:47 Quitting His Job in 2.5 Years!
21:10 Miller’s Current Portfolio
23:20 How to Start “Co-living”
32:06 Grab Miller’s Book!
