question about investor partnership

[Rodney Reis]

Ok here is the situation i have and maybe someone can give a way we can do it.

I have acquire a individual willing to fund the projects of getting homes and rehabbing them to rent/flip. Now neither one of us has much cash on hand but he has a credit score of 800 and the loan officer said he was good for any loan but the problem is i guess cant get the loan for the house and the cost of the rehap in the same loan, would have to be 2 different loans or is there another way we can do this. thanks ahead of time?