HELOC & future Flips

[Jerry Johnson]

Question:

When Getting a HELOC, and using The HeLOC to invest in other properties, more so Flipping.

Will I still be Taxed if I flip a house and use that Flip money to pay the HELOC back ?

Example, I buy3 few properties with a HELOC for 100k

I want to rehab and sell one for 60k . If Im successful selling at 60k that bring my HELOC down to 40k. would i be taxed on that sale or bc Im paying the bank back I won't be taxed?

Please advise.. Thank you