Financing with Friends: How do partners buy a house together?

[Bradford Hancock]

A college teammate and I are looking to begin our journey to financial freedom at the ripe age of 22. We are looking to get pre-approval for financing our first multi-family rental property, but aren’t sure what role both of us play in this. One of us has great credit but not much money, the other has more money but hasn’t built credit yet. Which one of us should be getting pre-approved and financed, and what can the other do to help? We are both employed and are single males, so very few costs. We have been aggressively learning and researchIng with the hopes of buying in the next 90 days. Thank you guys!