Ins and out of Refinancing?

[Tyler Hathaway]

So I have some questions on refinancing a potential property and what exactly I can and can’t do with regards to refinancing.  How exactly do I do a refinance, what do I need, what am I allowed to do with the money when I “pull” it out, do I have to pay taxes on it or something etc.

Plus if there is any other important factors I need to know about before refinancing to even qualify etc.

Thanks!