refi for dummys

[Joe Boggin]

i put down 15k to purchase a property listed for 100k.  i close on the property and begin renting the property.  after my note and insurance etc i clear 400 on the property.  after 8 months go by how do i refi to get my 15k back into my pocket?  how do the numbers work?  how can i get my 15k back into my pocket and cash out?