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Best option when buying and reselling house at same time

I wan to buy a new house and sell my current one basically around the same time. I can afford and qualify to have two mortgages at once and put a 20% down-payment on the new one.

I would like to sell my current home and once it sells, roll some of the profit into my new house, reducing my monthly mortgage payment. Rolling the profit into my new house won't affect the monthly mortgage amount though without a refinance.

Can I just immediately refinance, I assume I would have to pay closing costs twice? Do I get a bridge loan? What is the best strategy for this?

submitted by /u/Filthy_Gopher
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source https://www.reddit.com/r/RealEstate/comments/1b2ytoa/best_option_when_buying_and_reselling_house_at/
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