Chapter 13

[David Hobbs]

Due to changing circumstances that I (should have but) didn't plan for, I have had to file Chapter 13 to keep my house.  The move has put me in a much more stable place financially but of course my credit score will take a hit for the duration. 

I would be interested to hear from anyone who has dealt with a similar situation and still moved forward with investing in real estate.

My current plan is to rent out the two empty rooms in my house while I do the rehab work to the rest of the house. By the end of the year, I'd like to have the whole house ready to rent (still continuing to rent the individual rooms) and make my next move, preferably to a multifamily (four-plex would be ideal) and repeat the process on that scale.

What kind of challenges should I expect along the way?