Refinancing a flip - how to get it valued at arv?

[Brandon B.]

Backstory - I am moving in to a new home soon. I bought it as a foreclosure with all cash, but I got it at a significant discout (100k+ discount). I want to use it as collateral for a line of credit, but I would like to use the ARV rather than the purchase price for any loan-to-value calculations. Is this possible to do while still getting a decent interest rate?

If that was hard to understand, I can be clearer.

>Bought foreclosed house for 450 cash but it is worth at least 650 and would appraise for that after minor repairs. Just closed.

>want to get loans to buy more rehab projects. Just purchased my home though so from what I understand a heloc can only go off the purchase price since it is less than 6 months old.

>have an income history of less than 2 years.

I want to be able to compete with cash buyers, so a HELOC would be ideal, but am I maybe overlooking some other financing?