All Forum Posts by: Nolan Yamada

I recently graduated from college and worked part-time W2 jobs throughout the past 3ish years. I recently started doing Instacart full time because the pay is incredible and I can work way more hours every week. I was planning on having my parents co-sign on our first property because they are willing and interested in REI as well. However, they are also self-employed and it seems like those who are self-employed are having a difficult time finding traditional financing.

I'm considering picking up a W2 job that I can work during the evenings and night allowing me to still make $25+/hour during the day with gig jobs. Just curious if any other gig workers or those who are self-employed are in a similar boat. I'm also thinking about reaching out to some lenders to discuss this as well and will report back on their insight! I am really excited to get started with investing this year as this is my alternative to attending law school, but I keep running into roadblocks. Instead of giving up, I remind myself that those who are successful are the ones who find solutions!

In the meantime, here are some YouTube videos I found on this topic... 

 Paul, Thanks for the info! I will check out Foremost Insurance. This is a 3BR house on the central coast of California (Cayucos near San Luis Obispo) so I'm assuming rates are going to be higher. Thanks again and Happy Holidays!

Hey Y'all,

I am in the process of getting a family member's house permitted for Airbnb. She has concerns about liability and insurance costs. I read online that STR insurance runs from $2,000 - $3,000 dollars per year. The property is paid for and in a prime location so our only concern would be making enough to cover those costs including property taxes.

Would anyone like to share how much they pay for short term rental insurance and what it covers? Thanks in advance! - Nolan 

Hey Y'all,

I am in the process of getting a family member's house permitted for Airbnb. She has concerns about liability and insurance costs. I read online that STR insurance runs from $2,000 - $3,000 dollars per year. The property is paid for and in a prime location so our only concern would be making enough to cover those costs including property taxes.

Would anyone like to share how much they pay for short term rental insurance and what it covers? Thanks in advance! - Nolan