Pre-approval for a partner and I

[Anh Le]

Hello all,

My friend and I are planning to buy an investment property together, and we are going to the pre-approved process right now. Do we need to through it as one application? Or, I  can get pre-approved on my own and he can get pre-approved on his own. For example, I can get pre-approved for 200k and he can get approved for 200k, so if we decide to buy an investment property together we will have 400k as pre-approved. Please give me advice on the process of buying property together with a partner. 

Thank you!

Anh