Todd Lubar ventured into the Real estate industry in 1995. He had a strong desire to help others. Therefore, Todd decided to make real estate and finance his career. His first job was that of a lender. At this point, he worked with Crestar Mortgage. The experience proved valuable to him as he learned a lot about the Traditional Mortgage Model. He did not have the capital to venture out on his own, therefore, he started off by collecting contacts and connections from people such as CPA’s Financial Planners, and Insurance agents. The contacts later became very useful to him and his referral business.
Todd then looked for what he could do next, and in 1999 he acquired an equity position with Legacy Financial Group. At this point, he could broker loans to outside investors and lend as a direct mortgage bank. His Real estate focus shifted as well because he wanted to do more. He opened up Legendary Properties, LLC which is a residential development company. Visit geeksnews to know more.
A rapid growth was inevitable at this point, due to his establishment in the Real estate circles. He was now purchasing, rehabilitating and selling for a profit. He made over 200 transactions in all areas ranging from single-family dwellings to twenty unit multi-family property. He expanded his investments further in 2003, when he decided to open Charter Funding. His main aim was to create a Mortgage platform to help borrowers who did not fit in the traditional lenders good books.
Todd had previously been involved in over 7000 transactions allowing him to perfect his ability to analyze the overall risk of any loan scenario. The experience allowed him to make appropriate decisions based on market conditions. In 20007 and 2008, Todd got involved in commercial demolition where he got huge contracts for some of the biggest contractors in the Country. He also got involved in Automotive scrap metal recycling. The move led to the company being traded in the public market.
Through all this success, Todd Lubar has always found that the hardest decision for him is leaving his family to go for a business trip. He believes in family. Lubar has two amazing, beautiful kids. Todd is now a resident of Orange County, California. He is an inspiration to many upcoming entrepreneurs.