Lending from a HELOC

[Mike Waltman]

I'm about to take on a BRRR project and it will be funded from a family member's HELOC. They are not asking for any interest on top of the what the HELOC rate is, only asking that I make payments in full and on time.

The only concern right now is if they are lending money to me and I am making payments back to them that it would technically be considered income they would have to declare. They are retired and do not want to claim any more income than they already do.

Can this be structured in order to prevent them from having to claim income as I repay the loan?