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?