Partnerships to obtain higher loans

[Pete Perez]

Hello BPers!

I am currently building my investment team after reading several books on RE. I've begun networking and attending meetups to find potential partners and just network in general to find like minded people. I recently met with a couple lenders and found that given my income and credit they have approved me for $250k. I intend to venture into Buy & Hold with creative financing, and part of the creative financing piece will be to cash out refi to pay back my initial lender (either hardmoney lender or otherwise). Given the prices of homes in California I am thinking I will need a much larger approval amount from lenders, which is why I am actively searching for partners. 

My question is related to whether or not I can use a partner who has similar income and credit (or better preferred) to refinance and get a better approval amount. Can partners be on the loan together? Or does it have to be one or the other? Just had a question on the specifics of that process.

Thanks everyone!