Renovating A Property Before We Purchase

Most people purchase a property, then renovate it.  

For myself and my sister Krista, we ended up renovating the property first, then we purchased it.

Why?

The property was trashed with no kitchen and no bathroom.  This makes financing very difficult on the A side. 

To bypass this, we put in the contract we can do renovations before we owned it. 

This takes care of the property for financing + gets us a higher appraised value.