How to use $300K in equity

[Preston Dean]

A family member of mine has around $300K in equity in their home. They are never planning on moving and I have been trying to convince them to pull out some of the equity and buy a rental. 

Their main argument is they don't want to have to pay back the equity they pull out. I know, you cannot get someone to do something they don't want to do but one spouse is on board with it but the other isn't.

Any suggestions on how to use that $300K equity while not having a large monthly payment for it?