$185,000 in equity but access denied

[Mike Hoskins]

My in laws have a home in Edgewater, FL valued at approx $185,000 with no mortgage(they paid cash 5 years ago). They'd like to leverage the home to help put money in the bank and to help my wife and I find a couple of deals which they know will help them with passive income also. They applied for a HELOC through Wells Fargo but were denied because thier only source of income is social security retirement and a little (about $60,000) in savings. Does anyone know how we can creatively leverage the equity in thier house so we can start a couple BRRRR deals and start income for them as well as my wife and I? Thank you in advance.

Mike