Just started Bankruptcy proceedings - can I still start REI

[Jennifer Stringer]

Hello - my husband and I just filed bankruptcy in the last month (Ch 13) to reorganize our debts. We got into the situation because I lost my job mid year 2015 and we have had to pay A LOT on our student loans and IRS back taxes because of my job loss....yes pretty irresponsible on our part for letting our situation get as bad before we did anything about it on so many levels. With all that being said is there still any possible way to get started in REI with any help of financing besides owner financing, etc. I didn't know if a hard money lender would even think to consider loaning me money. Or should I just wait for a year (at least) and save money and start then? My strategy would be to purchase property at less than the $50,000 range, rehab if needed and then hold for rental income. I'm in the south of Houston area.

Thank you for your time in responding to my questions. 

[Thomas S.]

....yes pretty irresponsible on our part

Same goes for deciding to invest in real estate on the heals of a bankruptcy. Terrible idea.

A bankruptcy is a indication of serious financial instability and not a time to decide to invest money you do not have.

Save money for 5 years and reconsider investing.