Ken Van Vorhis

Yeah, so I'm $16,500 upside down on just the BMW, not including the Tesla that I bought as well.

But if I were to try to pay that negative equity down all on my own, even with the 4% interest rate that I have on my BMW...

it's not going anywhere for years.

It would take me years to pay that equity down unless I'm pouring thousands of dollars a month into just that negative equity.

And every time I pay the negative equity off directly, I'm just taking an L. That's a direct loss immediately the second I put the money there.

And so my goal is going to be, okay, I can just carry the negative equity.

As long as I'm carrying it, it's not hurting me.

It's not actively hurting me in any way.

It doesn't hurt my debt to income as long as the payment's low.

And it doesn't hurt my lendability at all either because it's an auto loan.

And so I'm like, okay, I'm just going to carry the negative equity.

I'm going to get my income up.

I'm going to get my debt to income low.

I'm going to get my score back into 740.

And then I'm just going to take that negative equity.

I'm going to roll it into an asset that I can leverage and appreciate with either an income generating asset or something that appreciates.

And then the appreciation on that asset will basically reverse the negative equity.

It'll eat into the negative equity passively without me ever having to take a direct loss on that debt.

Damn, you really thought this out.

100%.