Making $8K/Month and Quitting His W2 with 2025’s Ultimate Cash Flow Strategy

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 23 April 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! In This Episode We Cover The secrets Miller used to scale to six properties and $8,000 in monthly cash flow Everything you need to know before using the co-living strategy in 2025 Three ways to determine whether a new strategy will work in your market How to make more income by converting unused space into extra rooms Why co-living has staying power and will likely avoid an Airbnb-like “crackdown” The keys to happy renters, longer leases, and minimal tenant turnover And So Much More! Links Mentioned in the Show BiggerPockets Agent Finder BiggerPockets Calculators Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code w/Miller McSwain Miller’s Room Rent Calculator Miller’s Instagram Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-552 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you're looking to maximize your cash flow in today's real estate market, our returning
0:04.4	guest has proven that house hacking and co-living are not just trends.
0:09.2	They are real strategies that deliver serious returns.
0:13.0	Today, he's breaking down exactly how you can find, manage, and scale this unique investment
0:18.5	approach from the ground up.
0:20.4	That's right.
0:20.8	Last time Miller was on the show, he gave us a snapshot of his co-living success.
0:25.2	He quit his W-2 to scale his real estate portfolio.
0:27.8	And today, he's kind of pulling back the curtain on his entire process, from market
0:32.2	selection to tenant management and so much more.
0:35.0	So if you've been curious about co-living, but you weren't sure where
0:38.3	to start, this is the episode you've been waiting for. Even if co-living isn't your preferred strategy,
0:43.5	Miller has so many universal tips on analyzing markets and managing tenants that you won't want
0:49.2	to miss his expertise here.
0:59.7	This is the Real Estate Rookie Podcast, and I'm Ashley Care.
1:02.6	And I'm Tony Jare Robinson and Miller McSwain.
1:04.3	Welcome back to the Real Estate Rookie podcast.
1:04.8	Yeah.
1:06.0	Thanks for the invite back.
1:07.4	This is a second time.
1:09.0	So not a two-timer.
1:10.5	I think that's kind of a bad thing.
	...

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