Real Wealth Show: Real Estate Investing Podcast

How to Build a Cashflow Machine Using the Co-Living Strategy with Miller McSwain

10 snips
Apr 22, 2025
Join Miller McSwain, a former rocket scientist turned full-time real estate investor, as he delves into the co-living strategy that transformed his career. He shares insights on how co-living can generate impressive cash flow compared to traditional rentals. Discover the art of managing furnished rooms, tenant privacy, and establishing house rules to create a thriving community. Miller also discusses identifying ideal markets for this innovative approach, targeting demographics like traveling nurses and students. Don't miss his expert tips on screening tenants!
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ANECDOTE

Rocket Scientist to Real Estate Investor

  • Miller McSwain quit a high-paying rocket scientist job for real estate investing.
  • He valued owning his time and planting seeds for lasting income over engineering work.
ADVICE

House Hacking Explained

  • House hacking means renting out part of your primary residence to reduce costs.
  • It’s a low-risk strategy to produce income and afford bigger homes.
ANECDOTE

Building Community in Co-Living

  • Miller's co-living strategy involves renting individual furnished rooms with a sense of community.
  • He hosts community events to improve tenant retention and reduce turnover.
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