Fortunately, lenders are beginning to find new loan products to entice those hesitant buyers off the fence; 12 month bank statements for income, no income verification for non owner properties, relaxed credit standards. 

It is cut throat in some major metropolitan areas.

Have you applied for any types of microloans or any similar products?

Do major deals.

But majority of them are all negative.

I mentioned that I have access to an additional $150k based on the quality of products available.

To give you an idea of popular lender criteria, check out https://www.11capitalfinance.com/Click on "Product Sheet" and see all of the different options just on this sell sheet to understand where lenders are in the market today rather than 2008.DISCLOSURE: I am currently evaluating a sales relationship with this company.

But it may be unlikely because I am not experienced with construction/repairing houses (can’t buy anything that needs major work), I do not know any real estate agents/real estate investors, and I am young and dumb and I doubt I would be able to find the best deal without connections.

This is the first project that will be a part of our "Build-Your-Own-Fund", in which investors will be able to diversify their real estate holdings across all of Colombia’s major cities and tourist destinations.

Once I get licensed, I plan to sign with one of the major brokerages, KW, due to their amazing training programs.