Other Ways to Partner on High Value Deals

[Garrett Pettit]

I am attempting to partner my way into qualifying for a high value ( $800K+) deal in beachside Brevard county, Florida that I can house hack as boots-on-the-ground operations with 3.5% down for a primary residence small multifamily (or reoutfitted single family), contributing some capital to the deal while the partner contributes the rest (mostly for qualification purposes, and to have reserves for value-add - I would handle down payment and closing costs myself). Only reason I am partnering is so that I can qualify for higher value properties with a co-signed conventional loan. If the numbers work out and my partner and I are confident I reach other, is this a wise move? 

Are there other ways to partner on and/or fund such deals that I am not considering, and that anyone here might recommend? My main issue is qualifying to reach into this high value market to begin with, and getting over loan limits. I view partnership as my best route to circumvent this issue, at the moment, but I'm open to other ideas! (And also working with anyone here on other deals in the same area, if interested)

[Charles Carillo]

@Garrett Pettit

When possible, I would avoid partnering with someone. In certain deals like large apartment complexes or commercial properties, it is usually required; however, if you don't need to, I would avoid it. Are you able to purchase a smaller (less expensive) property by yourself? If you are able to cover closing costs and the down payment; you really just need to put together the funds for repairs, and the reserve.