Meeting this accomplished investor for the first time could give you the impression that he was born with the silver spoon in his mouth. But the truth of the matter is that two decades ago, he was in the same predicament that all college students find themselves in after graduation, papers, no experience and no job. Well, Todd Lubar decided to try his hand in real estate and he quickly discovered that this is what he wanted to do for the rest of his life.
The first step he took was looking for a way into the business. Lubar realized that setting up a referral business would be the ideal way in. The first step would be to get the needed connections. He networked with players such as CPAs, developers of real estate, financial planners and other stakeholders in the business. These are the people that helped him establish a strong referral business. The next step in his journey was looking into the traditional mortgage models. This gave him ideas on how to improve it so that more customers could have access. He decided to set up a lending institution which he would use to offer mortgages to people that needed it the most.
The legacy finance group is the next partner that really helped Todd Lubar’s growth. They provided him with the capital that he needed to inject into his business and make it grow. The homes that he provided to his clients were both single family homes and apartments. Both investment types were popular with his customers.
The mortgage business that he started was under the First Magnus Cooperation. This helped him achieve tremendous growth in business whereby he was able to construct over 7000 homes. Todd has probably dealt with clients that had all sorts of mortgage situations that you can imagine.
Other businesses that he tried his hand in include scrap metal recycling and building demolition, both which were a resounding success. He currently resides in Bethesda with his wife and children. His journey to success shows that entrepreneurship works for people that look for gaps in the market and find innovative ways to fill them.
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