Should you fund a hard money deal with heloc?

[John Currey]

my wife and I just bought a house and it appraised for 43k over what we're buying it for at closing. 

we are in the process of renovating that house so hopefully we can increase that value even further. 

I've been looking at some distressed properties in the same area and trying to figure out how to fund them. The lender on my current house doesn't do anything requiring a remodel I get the impression that's most lenders aditudes. 

would I be able to fund a hard money deal on a distressed property with a heloc or home equity loan? Is there a better way to fund a deal that would involve a large remodel?