Real Estate Rookie

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

Apr 23, 2025

Miller McSwain, a former nuclear rocket scientist turned real estate investor and author of Co-Living Cash Flow, shares his journey of earning $8,000 monthly from real estate. He dives into the co-living strategy, revealing how to leverage unused space and reduce tenant turnover. Miller emphasizes the rising popularity of co-living in 2025 driven by favorable regulations and urban demand. He also offers insights on market analysis, property selection, and building community in shared living environments, making it a compelling option for aspiring investors!

46:41

Episode guests

Miller McSwain

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Episode notes

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Quick takeaways

The co-living strategy emphasizes maximizing cash flow by transforming underutilized spaces, demonstrating an innovative approach to existing properties.

Understanding local regulations is essential for successful co-living investments, as they influence the practicality and legal aspects of the business model.

Maintaining tenant harmony through effective screening processes and community-building initiatives is crucial for enhancing satisfaction in co-living environments.

Deep dives

The Evolution of a Co-Living Portfolio

The focus has recently shifted towards optimizing existing co-living properties rather than acquiring new ones. This involves re-evaluating previous investments and identifying underutilized spaces that can be converted to increase rental income. For instance, there are plans to transform an extra family room into a bedroom, as well as converting garage spaces for additional revenue. This strategy emphasizes efficiency and maximizing the potential of already owned properties before expanding the portfolio.

Intro

3min

The Co-Living Revolution

6min

Investing in Co-Living: Key Market Factors

7min

Navigating Co-Living Real Estate Ventures

16min

Co-Living vs. Traditional Rentals

11min

Creating Harmony in Co-Living Spaces through Screening and Community

3min

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