When and how to pull money out of investment properties

[Sarah R.]

Hi all! 

Basically I am looking to take cash out from the homes I have that are paid off. The homes are all investment properties, that I have never lived in. 

I began investing in rental properties earlier this year in TN, using the cash from my first home flip in CA. 

I own 4 rental properties ,all of the properties are rented out, 3 with 2 year leases. 

I do not own the residence I personally live in. 

The rental properties are all owned free and clear, which is great, but now that leaves me with hundreds of thousands tied up in these homes.

I also only have tax returns for one year prior due to living out of the country and having not much to report about, hence me investing all cash in the first place. That wouldn't have been my first choice. 

I was very close to doing a non-recourse loan, with a 7.99% rate- but I feel like if I keep researching I can figure out a better way to finance and leverage ! 

Is refinancing an option? What about a HELOC ? Or a Home Equity Loan?

My goal is to continue swooping up investment properties, leveraged, with the best interest rates possible. 

Thanks for reading, and thanks in advance for any advice/ feedback/ questions! 

Sarah