The real estate industry is filled with present and past entrepreneurs. Many high profile real estate moguls have either taken many years to attain their high level of success or inherited it from their family. Yet, even more people become nothing more than just hopefuls having starting out in real estate only to fail at their endeavors. This fact is why the story of Todd Lubar is so remarkable. In such a cut-throat industry, such as real estate, Lubar has amassed a level of success that is not normally seen.
Lubar’s first position within real estate was not as a real estate agent but rather as a loan originator. Working for Crestar Mortgage corporation, this position gave Lubar his initial experience in the strategy of conservative mortgage banking. Following Crestar, Lubar purchased a position in Legacy Financial Group. This moved enabled him to broker loans to not only investors but also the ability to loan as a direct mortgage bank.
These initial positions garnered Lubar the experience and knowledge to open his own real estate firm, Legendary Properties, in 2002. Legendary Properties was founded as a residential development company. Instead of focusing on commercial properties, such as corporate offices and businesses, this firm dealt with the investing and selling of a wide range of properties such as single family homes and multi-unit apartment complexes.
After forming First Magnus Financial Corporation, which would become one the largest privately held mortgage firms in the U.S. , Todd Lubar would go on to create Legendary Financial. This would be an affiliate to his already successful Legendary Properties company. Rather than purchasing and selling real estate properties, Legendary Financial would serve as a lending source to individuals and even large corporations.
With Todd Lubar’s experience in the acquisition, selling and funding of properties around the nation, his success in the real estate industry is not only impressive but something to watch in the future.