Getting a equity loan

[John Stover]

Trying to figure out a strategy:

My brother wants to invest into a property with me. His credit is very bad but he has about $150,000 in equity in a rental. My credit is good so we want to sign over his home to me, I'll make the house my primary residence and then take out approx $100,000 to invest.

My question is this:

1. If we put his house into my name and he sells it to me for a nominal amount say $5000, are there any tax consequences to him or me?

2. If I bought the house for $5000 would I be able to take out $100,000 if it appraises for $150,000?

3. Does anybody know of a good place to get a fixed equity loan?

He purchased the house 2 years ago for $75,000.

Thanks,

John