20% Returns and Positive Cash Flow: Why This House Hacker Chose Colorado Springs
"Why you should start young!"
How This Recent College Grad Is Already on House Hack #2!
Today, we’re checking back in with Miller McSwain, who started his house hacking journey a year ago. He and his wife lived in the basement of their turnkey Colorado Springs home and followed a rent by the room strategy with the other bedrooms. Listen to the podcast to find out what kind of returns he had his first year, and how his second house hack is shaping up!

Last year, we talked to Miller McSwain about why he chose his first house hack, a single-family home in Colorado Springs.  He and his wife were fresh out of college and excited to start their real estate investing journey in their new state.  How are things going for them a year later?  We checked back in with Miller to find out how his first house hack played out and get all the details on the second one.

Thanks to Miller’s motivation to break Jeff White’s 7 house hack record, he and his wife moved into House Hack #2 the day after they met the 1-year occupancy requirement of their first house.  They took what they learned through trial and error in the first house and used it to refine their systems for their second.  Find out what worked and what didn’t by listening to the podcast.

3 Learning Options!
  1. Listen to the podcast “#136: 20% Returns and Positive Cash Flow: Why This House Hacker Chose Colorado Springs” Colorado Springs Real Estate Investing Podcast
  2. Listen to the full episode (at the bottom)
  3. Watch the episode on YouTube

In This Episode We Covered

  • The returns on Miller’s first house hack—20% total for the first year!
  • The systems he put in place to effectively manage a room by room rental. Check out our Self-Management course for room by room rentals to get some additional pointers.
  • How they found house hack #2 and their plan to maximize their returns
  • Why location isn’t a huge factor when it comes to pricing rooms
  • The power of networking and how Miller keeps track of all his contacts
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Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Jenny Bayless
Jenny Bayless is an investor-friendly agent with Envision Advisors, Colorado real estate investor, and the host of the Colorado Springs Real Estate Investing podcast.
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