Hello I'm trying to understand the cash out refinance thingou

[Thomas Jameson]

Hello I'm trying to understand this cash out refinance.. if I buy a property way under market value after it closes can I cash out refinance and get my original down payment back assuming the property has enough equity left in it?  example:  you buy a four-plex for 1 million put 25% down 250k the property is actually worth 1.5 million. Can you cash out refinance and get your original down payment since you still have equity in the property?