Refinancing to Pull Equity, Tax Deduction - owner occupy?

[Drew Gedemer]

Hey everyone!

I am looking to pull some equity out of my current residence so that I could have some capital to invest with.  I believe that there is some type of form where if you are an owner occupying individual during a refinance and if you pull equity out of your home, you can avoid paying capital gains tax.  Is this true?  I believe you can do a 1031 exchange for your investments, but does that also apply to my owner occupied house?  Is there another tax exception that I do not have to abide by the 365 day clause?