I started listening to the podcast and reading real estate books about two months ago, and I’m excited to take my first step into real estate investing.I’m currently in Spokane, WA, and I’m pre-approved for a loan.

Louis for the hard money loan.

Your realtor will be able to give you a much more detailed market specific answer but with house hacking and a VA loan it should be possible to get 0 out of pocket.

Yes there are alternatives for both beige and 30 year loans for no US borrowers.

We just had our 3-year loan mature on 2/2/24.

If you're purchasing a single family home you can use traditional financing like you probably did on your house or you can do a commercial loan.

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

I am looking into my first property and have been pre-approved for a renovation loan from a conventional lender.

  $190k all-in ($131,250 30 year loan, $43,750 DP and $15k in renovations). 

Make your bank stand out by ensuring FAST same day loan processing with better terms.If I owned BiggerPockets I would act on this IMMEDIATELY because it’s all about speed and execution in business.