Newbie with a question about vacation rentals

[Corey King]

Hi..and thank you in advance for reading.

I am new to real estate investing. So far this year, my partner and I have flipped 6 homes and just started reno on our 7th. We are also wanting to start acquiring some vacation rental cabins in the mountains. I have a good friend that has a couple properties in the area I am looking and they bring in some decent passive income (managed by a property management company). I have several 100K of investor’s money that I use with our flip homes, but am trying to figure out a way to wisely use investor’s money to acquire these rental cabins. However, since I am new at this, I don't have any idea of how to creatively use the money for projects like this.

Let me clarify the rentals. They run about 250K, with 20% for the purchase. Most of them are grossing around 50K a year (property management company takes 30% of that), mortgage is about 1400K/mo, with yearly expenses being around 4-5K. After doing the numbers on my friend’s properties, she is taking home, roughly, 14K, in passive income.

Right now, I give my investors 10% of their investment in 120-150 days on our flips. This has been working really well, but now want the money that is sitting around waiting on the next flip project to go to use for these vacation rental cabins.

Any ideas would be greatly appreciated.

Thank you!

Corey