Could a flexible rental model be the game-changer your property needs? In this episode of Invest2FI, host Craig Curelop sits down with Miller McSwain, a former nuclear rocket scientist turned full-time real estate investor and author of Co-Living Cash Flow by BiggerPockets.
Starting with just two house hacks in Colorado Springs, Miller now oversees 6 co-living properties totaling over 50 rentable rooms, proving that strategic co-living can outpace traditional rental strategies — even in today’s high-interest-rate environment. Learn how Miller scaled his portfolio, designed high-retention communities, boosted cash flow with simple renovation tweaks, and managed operations to maximize tenant satisfaction. He also shares critical mistakes, like contractor red flags, that beginners can easily avoid.
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Watch the episode here
Listen to the podcast here
Podcast Highlights:
[03:44] Miller discusses how games ignited his interest in exponential growth.
[06:05] His first investment in mutual funds, influenced by Dave Ramsey.
[08:55] Shares decision-making behind studying nuclear engineering in Tennessee.
[11:01] Describes first exposure to real estate via his parents’ duplex idea.
[15:25] Road trip story finding the right Colorado city for house hacking.
[17:02] Breaks down numbers on first Colorado Springs co-living house hack.
[20:05] Lessons from managing tenants, hiring cleaners, and improving systems.
[25:50] Miller’s second house hack: buying under market and adding bedrooms.
[31:00] How to build strong community culture inside a co-living house.
[33:30] Systems for leases, group chats, pizza nights, and boosting retention.
[37:39] His experience financing co-living houses with conventional and DSCR loans.
[39:00] Miller shares his plans for expanding his co-living portfolio.
[44:15] Learn more about Miller’s book, Co-Living Cash Flow, and the co-living strategy.
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Important Links
HOST
Craig Curelop
📸 Instagram: https://www.instagram.com/thefiguy
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy
🏘️ Buy Real Estate: https://bit.ly/3V3QDze
GUEST
Miller McSwain
📸 Instagram: https://www.instagram.com/millermcswain
📘Book: https://millermcswain.com/book/
🌐Website: https://millermcswain.com/
Check out the recommendations here:
🔗 Affiliate Link
- Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! — https://www.thefiteam.com/
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Co-living Conference: https://app.stormgrowthgroup.com/v2/preview/yZ4xXuM6ol1fTANaAYBV?notrack=true
