Tap into Equity of property with back taxes

[Justin Williams]

Hello BP Fam!

I recently found a property with about 43k in back taxes. Let’s say i rehab this property without paying the taxes first, will the taxes get payed off on the backend after  refinancing it? Will I be able to get financing (Heloc/cash out refi/dscr loan) on property that owes 43k in property tax? I want to use the forced equity after it’s rehabbed to pay the taxes off so I can keep the property for a rental and cash flow. Arv is about 130k and property is in need of gut rehab estimated to 35-40k. No mortgage liens (only property tax) and the current owner doesn’t care for it and is willing to sell for 7k! Thanks for the help BP family. I don’t want sell this beautiful deal!

Property taxes owed: ~43k

Rehab: ~40k

ARV: ~130-135k

Rent:~1600-1850(and going up)