Using Family Home Equity

[Brandon Proctor]

Hi all, 

I have another question which I know is mentioned in a recent Podcast about investing with little or no downpayment with Brandon Turner.  Question is how does one go about using a family members home equity (dad) to use as a downpayment to purchase a home?

Sorry if I'm not using the right terminology or if I'm completely wrong on how the process works.  My dad has been pretty supportive in different endeavors I have taken a part in and with a little negotiating/pleading I believe I can sway him to come on board.

I'm trying to come up with a creative way to find the money for a downpayment for a property.  Also are there any dangers that come with my dad using his home equity to help finance my investing dreams?  Not even sure if this method is even possible but I would love to hear you guy's input.