These mortgages allowed buyers to pay little or no down payment. In exchange, they were socked with higher interest rates — but when you’re planning on owning the house for only a few months, that’s a minor issue, and Arizona Hard Money lenders can be a quick fix. When the market is flat, however, obtaining a mortgage for an investment property is more difficult, and sky-high interest rates empty investors’ wallets when a property sits on the market.  As a result, cash plays a much bigger role in getting that flip started. The bigger the down payment you can afford, the lower the interest rate. And, of course, it helps to have cash around for fixing up the flip.  If you’re planning to buy a new-construction home, budgeting can be simple. It’s just like buying a home you actually plan to live in — you need to cover the mortgage, insurance, taxes, real-estate agent and lawyer’s fees, and you can do it with arizona hard money. However, in a softening market, the supply of houses is much greater than demand, so you may own that property for longer than you plan to.