Hard money and Refinancing

[Alexander Canalini]

Hi all, "hypothetically" speaking let's say you have 40k cash to invest in real estate. You live in an area like Austin, TX where the market is fire. There are only a few duplexes active in the MLS currently, and all at around 600k-700k. This purchase will not be an owner occupied home because buyer already has a primary residence.

Question:

If the buyer wants to BRRRR, can this be done with such a high sales price?

If the buyers buys it as a conventional loan, this will require a 20% down payment. Would the buyer need to find more money to go this route?

How would you BRRRR in this scenario? How would the refinancing work? And what are the rates and charges this buyer is estimated to spend at closing?

Any help or direction is appreciated! Thanks! Cheers!