Interest rate for an investment property

[John Paul Whaley]

I read somewhere that my interest rate (if I were to borrow from a bank) would be higher if it were for an investment property than if it were for a primary residence. Is this true?

I am looking to BRRRR by borrowing from a bank since I have a decent amount of capital myself (instead of using pricey hard money for a down payment). When I go to the bank for a loan, can I just say that it will be my primary residence, live there for a month or two while I BRRRR, take advantage of the lower interest rate, then rent it out?