Financial strategy to purchase more rental properties l

[Ted S.]

I personally own six rental properties in which I pay a total of $3720 in mortgage payments. One property worth 140,000 is paid off in full. I also own a five Plex which I owe 40,000 and is worth 300,000. My question is should I take out a home equity loan from my five Plex or a line of credit from my single-family rental in order to combine all the loans into one. I would use the remaining of the money to purchase more rental properties. I have a total of two line of credits in which I’m making payments now and three mortgages with a total of five. I was thinking by doing this my monthly mortgage payment would drop to about 1300 a month, 15/20 loan.

Thank you for your responses.