Getting a private lender

[Ray Agosto]

Hello BiggerPockets i ran into a serious question. I'm looking into buying a house within the next 8 months and i was wondering how i could either buy a foreclosed house or typical mortgage 

Foreclosed : Today i went to a Sheriff's sale , and i was wondering if there is a way to buy a house at a foreclosure sale without having the 20% right there and then?

Mortgage : I know the different types of loans such as FHA loans and others but the main question i have about the mortgage aspect of it is how could/would be able to put multi people on the loan ? is there a limit ?

[Michael Lee]

Hi @Ray Agosto

You won't be able to even bid at the sheriff sale without the certified check.

As for the mortgage, you can get co-signers on the loan to help with the qualifications. As @Christopher Blanco mentioned, they will need to each qualify individually. I believe for an FHA loan, you cannot have more than 2 people. If you have more people, it becomes an investment property, which is not what the FHA loan is designed for. @Drew Walls can you provide some insight?