ARM Loans vs New deal

[Clinton Keith Cunningham]

I am looking for advice on where to prioritize my energy. I have two single family rentals. One is on a 30 yr fixed and the other is on a 7 yr arm loan (two years remaining) Do I refinance the arm loan now? prior to looking at buying a 3rd rental? The rate is around 4% on the both loans. It is likely that I will use part of a HELOC for the DP on my next rental, which I have not done before. My thought process has been to refinance so both rentals are on a fixed rate before purchasing a 3rd, but wanted experienced investors and the BP community's opinion on this? This is my first post and have gained a ton from the forums!