Episode #552
Start Earning Passive Income from Rental Properties with Realbricks:
link
Episode Show Notes:
link
Join BiggerPockets for FREE 👇
link
Grab Miller’s New Book, “Co-Living Cash Flow”:
link
Sign Up for the Real Estate Rookie Newsletter:
link
Find an Investor-Friendly Agent in Your Area:
link
Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code w/Miller McSwain:
link
Connect with Miller:
link
Connect with Ashley and Tony:
Ashley: link
Tony: link
A traditional rental property gives you one stream of income, but what if you could multiply that cash flow by two, three, four, or more times? You’re about to get a masterclass on the co-living strategy, and to help break it all down, we brought on someone who not only quit their job with this model but also wrote the book on it!
Welcome back to the “Real Estate Rookie” podcast! Co-living is making waves in 2025, but it’s not just a fleeting trend or gimmick. This is an investing strategy with real staying power, and you’re about to find out why. Today, we’re joined by Miller McSwain, a nuclear rocket scientist turned real estate investor and author of the brand-new book, “Co-Living Cash Flow.” Miller’s six-property portfolio brings in a whopping $8,000 in monthly cash flow, which has allowed him to quit his nine-to-five and focus on real estate full-time!
In this episode, Miller will tell you everything you need to know about co-living—including how to pick your market, analyze properties, and convert unused square footage into rentable space. He’ll also provide some potentially property-saving tips, like how to reduce turnover and keep renters living in harmony!
00:00 Intro
01:15 Optimizing His Portfolio
02:54 Co-Living Regulations
09:12 Demand and Population Growth
13:24 How to Find Deals
17:42 Converting Extra Space
22:08 Key Renovation Tips
29:13 Running the Numbers
31:11 $2,000 Cash Flow (1 Rental!)
34:41 Renting Out Rooms
38:45 Connect with Miller!