Both of my properties have existing mortgages in first position and the existing first mortgage lenders are recommending a cash out refinance. 

I came to USA in 2014 with just $400 and joined a 2 year Master's in Computer Science Program in NJIT,i completed this in just 10 months.While doing masters i started reading books related to financial freedom.My first book Rich Dad Poor Dad as most of the people's beginners guide.i moved to florida in 09/29/ 2016 and i closed my first property in 09/29/ 2017 which leads to financial security which means total expenses=total passive income.I am closing second one 5/7/2018 which will bring in extra 800 in passive income.About Properties: First is Condominium for 120000 , 3 bd 2 bath, i do AirBnB in one room, stay in one and rent the other to my friend.This will bring in 400-750 in passive income.Second one is near Downtown Orlando for 230000, which is worth 265000 as per appraisal. i will be renting the rooms as this property is having 3 Bd 2 Ba and 1 Studio Apartment which will bring me from 600-1000 in passive.My Goal is to reach 10000 in passive income, Please guide me how to reach this destination as many of you reached.i am improving myself and these are the action list1) Reading books related to Real Estate (One house at a time, Buy houses with No Money Down by Brandon Turner, Millionaire Next Door.2) This Discussion to reach as many amazing people and achievers as possible.My Questions1) How to buy next homes ?

I came to USA in 2014 with just $400 and joined a 2 year Master's in Computer Science Program in NJIT,i completed this in just 10 months.While doing masters i started reading books related to financial freedom.My first book Rich Dad Poor Dad as most of the people's beginners guide.i moved to florida in 09/29/ 2016 and i closed my first property in 09/29/ 2017 which leads to financial security which means total expenses=total passive income.I am closing second one 5/7/2018 which will bring in extra 800 in passive income.About Properties: First is Condominium for 120000 , 3 bd 2 bath, i do AirBnB in one room, stay in one and rent the other to my friend.This will bring in 400-750 in passive income.Second one is near Downtown Orlando for 230000, which is worth 265000 as per appraisal. i will be renting the rooms as this property is having 3 Bd 2 Ba and 1 Studio Apartment which will bring me from 600-1000 in passive.My Goal is to reach 10000 in passive income, Please guide me how to reach this destination as many of you reached.i am improving myself and these are the action list1) Reading books related to Real Estate (One house at a time, Buy houses with No Money Down by Brandon Turner, Millionaire Next Door.2) This Discussion to reach as many amazing people and achievers as possible.My Questions1) How to buy next homes ?

If you are cash flowing positive without paying 100% cash, then you are not paying the added $150k + 65% interest...your tenant is.When you buy a cash flow property, the cost to you, is what cash comes out of your pocket...and your tenant pays the rest...as long as you are CF positive.When you pay $30 DP, and finance the rest, those two properties cost you $30kWhen you pay $150k, and eliminate the loan, you are paying $150k for these 2 properties....and, you have eliminated any potential to buy anymore since you are no longer have any money.

I pour all positive cashflow back into the heloc as my W2 covers all living expenses. 

That's awesome that you're taking some action.

@Daniel Rosado If I was in your position I would partner up with someone.

Rehab funds are released in draws so as work gets done and inspected the funds are releasedHence They will never be a position where they are lending more than the property is worth 

1) I know private lenders that will loan to an LLC (Lima 1, Colony Finance, etc), but not in second position.

We are still positive on cash flow, about $400 a month combined.