Ideas for Seller Financing Terms- 20 year old Investor

[Jordan Lisnow]

I understand that seller financing works in two ways: 1. Either give the seller a price and their terms OR 2. Use the seller's price and my terms. I was wondering what terms would be best to implement in a seller financing offer for a cash-flowing, mid to long-term rental property?

I am a first-time investor and want to ensure that I get the best 'bang for my buck', especially since I do not have the capital to allocate for a hefty downpayment. 

[Travis Timmons]

You need money or access to money to purchase low or no money down creative financing real estate. I know that sounds weird, but don't propose a low or no money down seller finance deal if you don't have sufficient reserves. The only guarantee when you buy a property is that you are about to spend a pile of money. 

The way to win in real estate is to buy good assets over time and to never be a forced seller or a forced buyer. Getting into a deal without the necessary cash or access to cash creates a very real risk of being a forced seller. Call me old fashioned, but I think that slow and steady still wins the race. Build it once, build it right, never build it again. Maximize your income (work your a$$ off), limit your expenses (live off of nothing), and think long term.