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Updated almost 3 years ago on . Most recent reply

User Stats

13
Posts
6
Votes
Brian Silvia
  • New to Real Estate
  • Baltimore
6
Votes |
13
Posts

Leveraging family equity

Brian Silvia
  • New to Real Estate
  • Baltimore
Posted

So I recently found out that my parents are sitting on a relatively large amount of equity in their house, and they have no plans on HELOCing or otherwise using it. What are some options for me to leverage that equity in a way that is low-risk for them, while providing access to capital for me to fund deals?

Off the top of my head, we could ask them to HELOC their house, and have a real estate attorney draw up a contract where we pay then their interest rate plus a percent or two, so they make some money.


Obviously there is some risk when partnering with friends/family, so besides that, what are my options? What are the risks? 

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