JorgeTell me, how are you using your HELOC for Real estate investing? 

They were talking about buying the property so in this real estate climate I figured it would be a good win.

I appreciate it 🙏 I don't have friends or family or time to look for a real estate community that would be able to help with these kinds of questions so this really does help me tremendously. 

Hope to get some real advice from you all.Vishal

I generally don't recommend holding real estate with all cash unless there are extenuating circumstances.

There is a unique tax deduction in the US called a “conservation easement.”It was designed by the IRS to encourage real estate owners to make pristine land, that could be enjoyed by the public, a conservation ground, and thus un-developable.In return, the landowner could treat the act of granting a “conservation easement” as tax-deductible.

If the property is a personal property used for personal purposes, there is no depreciation since its not a business asset.There may be a chance that you have a home office within the home that is eligible for some write-off but you have to be using the home office towards a business activity.

I am new to Real Estate Investment, venturing into commercial real estate space (multi-family rental properties) and willing to expand my network to build a team across the different states for potential opportunities. 

I am new to real estate, how would you suggest I start to assume the loan?

You will need to get a local, rockstar Realtor, contractor, lender, and property manager.https://www.biggerpockets.com/blog/core-four-real-estate-tea...I invest locally in Columbus, Ohio