Partnership with Difference in Credit Scores

[Jeremy Bohnett]

Got a call from the lender (conventional Fannie/Freddy loan) my business partner and I have been working with in which he said one of our credit scores is higher than the other person's credit scores. He recommended that the person with the higher credit score take the loan solely in their name for better terms. He said that this way, we could secure 20 homes using conventional lending this way instead of 10. 10 in the person with the higher score's name first while the other builds their credit back and then switch.

Is this a common strategy? How does this work with us both owning 50% of the home but the loan being in just one person's name?

Thanks for your help!