Refinance after cash purchase

[Deepak Arora]

I am purchasing an off market property in Rocklin, CA using all cash. However, I'd like to refinance asap based on current market value. I looked into Delayed Financing but it only provides financing on the Purchase Price. My purchase price is substantially lower than the current market value as the property is distressed and needs work. I am trying to see if there's a possibility of getting a refi done on the then appraised value once the property has been rehabbed, which would be a month or two after closing. 

Is there any option to do that or do I have to wait at least 6 months?

Any pointers would be greatly appreciated 🙏