How to Succeed as a Freelancer Without a Traditional Job
Updated: Nov 26, 2022
As a freelancer, you may come to realize that leaving your 9-5 corporate job also leaves behind your ability to get a loan, rent an apartment, or buy a car because most banks require a w-2 or other forms of traditional employment that help you to secure a loan or lease that's why it can be difficult for freelancers to find a place to live, whether they're looking to rent or buy.
Many landlords and lending institutions require proof of income, and for freelancers, that can be tricky to provide. There are a few ways around this, however. Some landlords may be willing to accept a letter from a client outlining the work you'll be doing for them and your expected rate of pay. This can be difficult to obtain if you're just starting out as a freelancer, but it's worth a try.
Another option is to look for co-living situations, where you can rent a room in a house or apartment with other people. This can be a great way to save money and meet people who are in a similar situation as you.
There are also a few companies that are beginning to offer small business loans specifically for freelancers.
1. Fundera: https://www.fundera.com/
2. Fundbox: https://www.fundbox.com/
3. BlueVine: https://www.bluevine.com/
4. LendingClub: https://www.lendingclub.com/
5. Prosper: https://www.prosper.com/
6. Upstart: https://www.upstart.com/
7. StreetShares: https://www.streetshares.com/
8. Kabbage: https://www.kabbage.com/
These are is great options if you have a steady income, but it's still important to do your research to make sure you're getting a good deal.
Overall, it can be difficult for freelancers to find a place to live, but it's not impossible. With a little bit of creativity and perseverance, you should be able to find a solution that works for you.