How can I buy a rental property and a primary residents?

[Jason Leggett]

My wife and I currently own the house we live in now but it is too small for our growing family. We would like to buy a larger house to give us more space for future kids. We have lots of equity in our current house and I will be refinancing it into a conventional loan in order to reuse my VA loan to buy a larger primary residents. At the same time I am also looking to purchase an investment property if a good deal were to come along. I am being told that if I buy an investment property before I buy another primary residence that the bank will most likely not give me the loan on our primary residence because I have the other rental property. Are there any ways to buy both a rental property and a primary residence in a short period of time?

Thanks