pfennell

Paul began his real estate career 12 years ago as a buyers representative with Remax in the Kirkland/Bellevue area. After 1 year of working with an average of 2 buyers a month, Paul started presenting real estate seminars in the Puget Sound area. The seminar circuit included co-advertising with Seafirst ( Bank of America ), Countrywide, Wells Fargo, Washington Mutual, HomeStone Mortgage and Boeing Employees Credit Union. Paul averaged 5 seminars per month over a 7 year span. During this time, Paul started to train buyers agents and became the sales manager of a team that grew to 14 people. At this time Paul began to work on the listing side of transactions, working with sellers to get the most money for their homes. The team averaged a monthly sales volume of 10 million a month in total homes sales. As the team numbers grew, Paul turned to the concept of equity management. Through the proper use of a homes loan to value, Paul soon discovered that leverage allowed individuals to acquire multifamily properties. This was done through extensive planning and conservative number crunching.  Now Paul is involved in Bank owned homes, Short sales, auction properties and pre-foreclosure properties.  Paul also conducts weekely presentations on distressed homes and Verity Credit Seminars.