Being in and around the real estate indsutry, I've looked at a lot of old document copies. In Kitsap County, an 1884 mortgage for $100 at 1% interest per month was secured by an 87 acre waterfront parcel. Typically, interest rates on real property are per year rather than per month. The effective per year interest rate would be more than 12%. Decent return for an investor.


Edited by Chuck E (12/27/11 10:12 PM)
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"I didn't care what she didn't 'low--I would boogie-woogie anyhow" John Lee Hooker