HELOC on house owned amongst siblings?

[Nicholas Mann]

I currently own a home with my sister and brother in law where I am 50% owner and they are 50%. We purchased the house about 5 years ago from my grandmother. I have since bought and moved into another house and they still live in the house we both own. There has been discussions since the beginning of one of us buying each other out but nothing seems to be happening anytime soon. Would it be possible for me to take a home equity line of credit on the house to help me purchase other investment properties. I’m sure it’s a unique situation but if anyone’s done anything similar any feedback would be greatly appreciated.

Thanks