Does it make sense to do BRRRR for a primary residence?

[Jake Song]

I'm thinking of buying a primary residential home for $600k, and rehab for $30k. The market value for the $600k home I am currently looking at is around $630k. Someone please walk me the process how refi would work. I am thinking of doing conventional loan with 5.5 percent downpayment to initially buy the property, then put down another $30k for rehab.