Home equity gifting to fuel investments
I'm sitting here pondering creative ideas to help fuel my early start in real estate investing. I'm curious about home equity. My father owns a home out-right valued around $200,000. It has recently came to my attention that he plans on willing the home 50-50 to my sister and I in the future. Is it possible for him to "gift" a portion of his equity on the home to help fuel an investment property for myself? He has no plans on selling his home and plans on living there the remainder of his life. Please shed some light on this situation. Any advice is well appreciated.
Dane Kania