Foreclosure Paying Cash Using 1/2 Family Money

[David Simoneaux]

I’m looking at purchasing a foreclosure as a primary residence. I have all necessary info on title. 

Purchase price is 150k. I will use 75k of that in margin equity line of credit that I hold. My dad will front me the other 75k. 

This would be a bridge loan if you will from my dad that will get me through until I sell my current primary residence in which I should clear 300k. 

Are their any hurdles to cross when using loans from family members to buy cash properties. 

Thanks in advance