Seeking to network with others in Los Angeles for Buy and Holds

[Steve Bale]

Apologies in advance if my terminology isn't 100% accurate - I am still learning.

I am a total newbie, I have completed only one buy and hold deal in Los Angeles (duplex). I am working to accomplish number 2+. On Friday, I received a listing with a few potential rentals that are under construction. They will be finished over the next several months. How do I take advantage of this opportunity?

Securing financing through conventional means, (assuming 5% down and primary residence) might work for one but not the second and beyond. In addition, I have no rich relatives - so borrowing large sums is not an option.

That leaves private lenders and creative financing. Currently, for me both are uncharted. Would I start by Google-ing 'private lenders' and submit applications or is there a more effective method to locate financing? Do they generally expect 20% down and is the rental income a driving factor? Any input would be greatly appreciated.

Thank you for your time and advice.

- Steve