Real Wealth Show: Real Estate Investing Podcast
How to Build a Cashflow Machine Using the Co-Living Strategy with Miller McSwain
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!
25:00
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Quick takeaways
- The co-living strategy allows investors to maximize cash flow by renting individual rooms in larger properties while enhancing community living.
- House hacking provides a low-risk entry into real estate investing by generating passive income through renting out extra spaces in one's primary residence.
Deep dives
Transition from Rocket Science to Real Estate
A former rocket scientist transitioned to real estate investing to achieve financial freedom and own his time. He felt that the trade-off for his engineering job was not worth the effort, especially given the lucrative potential of real estate. He engaged in house hacking, where he rented out rooms in his primary residence to generate passive income. This strategy enabled him to invest more in real estate while maintaining a desirable lifestyle and reducing financial stress.
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