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
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