Positive cashflow means that you don’t have to reach into your pocket to top up any costs associated with owning an investment property. In other words, the income pays for all the outgoings. Sounds great and it is possible but you will have to do some work to find one for your portfolio.

Here are 6 tips…

Identify what type of property you want to find: a residential house or unit, commercial or industrial property.

Check the stats and look for areas that offer the highest rental returns. You will find what you are looking for inside the pages at the Australian Property Investor Magazine.

Use the internet. Make sure you subscribe to the property alerts offered by realestate and domain.com.au. Both also hav dedicated sites for commercial and Industrial investors.

Look for properties with a twist. A house that can be divided into flats, a property that can house a granny flat, an old motel or warehouse that can be converted.

Talk to agents and property managers in the area. They will be happy to answer questions and help you. Unfortunately I have to say that you probably won’t be followed up or maybe even asked for any contact details so you won’t be hassled ifthat is a worry for you.

Finally buy well and be patient because you will make money from real estate when you buy. Be prepared to make offers and lots of them.