Is refinancing really that easy?

[Cody Beard]

When I listen to the BP podcast and read through strategies, it seems the best approach (for me) is Brrrr investing. However I always hear the focus on finding the initial funds, because of course that's the hardest part. But whenever they get to the refinancing part, they make it sound so easy. "Just go to the bank and refinance and there ya go!". But no one ever talks about the details of refinancing a property. What are the details? Do you have to have a certain amount of money in your bank account? I mean we're qualifying for a second mortgage here right? surely there is some amount of difficulty in refinancing a property. Does it require a down payment? how long does it take? Etc.