Helping a friend refinance?

[Nathaniel J Mott]

I have a friend who was trying to BRRR a property in a rural part of NC. He bought the house for 8k and improved it to being worth probably about 30k after putting 15k in. He is cashflowing about $250/mo (rent is $500) on the property. He doesn't have a job and could not get it refinanced by any of the lenders he talked to.

I have a stable job and have been pre approved for a much higher loan in Raleigh NC. Would there be any way to partner with him to use my credit to help him refinance and pull his money back out to do it again that would be mutually beneficial for both of us?