I need to correct my mistakes

[Tae Jang]

Hi BP!

I need your opinions about my personal financial situations.

After paying off my student loans last year, I bought a nice home for our self and two cars last year. 

Big Mistake! I have never thought about becoming a financially freedom guy. 

As a young healthcare profession, I just thought about working for 35-40 years. But I somehow found biggerpockets websites, read blogs and bought and read several BP books. It opened up my world.

Now I am trying to reduce my 401k just to match what my company pay for (I have been maxing out my 401k and IRA each year) in order to save downpayment for a rental SFH.

My wife loves our home so I can't do anything about it.

The problem is my two cars.

My bimmer has 5 year loan and if I sell it today, I lose all of my downpayment (10 grand) and leaves me negative 5 grand. My Honda S2000, I lose my downpayment which is 5 grand. I was quite excited that I don't have anymore student loan, so I made a wrong choice. Now I want to correct it. We all learn from our mistakes right?

What would you do if you were in my shoes? Would you still sell those two cars and get a cheap Honda Accord? or would you keep one of the cars and suck it up?

I really want to start buying rental homes, beginning this year, but I don't know if bank will allow me to have additional mortgage on top of what I have. I love what I do for living, but I want to become financially free.

Thanks in advance for any inputs.