Nine years later, the prices of homes in the area have not returned to the average values. However, the contribution of Baltimore’s businessmen and real estate experts such as Todd Lubar has played a crucial role in enhancing the growth of the real estate industry. According to official data, the median prices for homes in the region rose to $243,000, the highest value since 2008.
After completing his degree in Speech Communication at Syracuse University in 1995, Todd Lubar ventured into the real estate business. His desire to help home seekers and interest in the lucrative venture motivated him to join the industry. He started his career by serving as a loan originator for Crestar Mortgage Corporation. This position allowed him to gain experience on the dynamics of conservative mortgage banking.
With a clear vision of starting his own real estate business someday, Todd started networking with different professionals. He made strong relationships with CPAs, financial planners, insurance agents, and real estate agents. Today, these experts are part of his business, as they continue to refer many clients to him.
His first strategic move towards entrepreneurship came in 1999 when he left Crestar Mortgage Corporation and joined Legacy Financial Group. In his new position, Todd was heavily involved in financial matters. To this end, he gained immense knowledge on lending and brokerage of loans.
The residential development company purchased, rehabilitated, and sold different properties. The booming business environment enabled the company to make huge sales revenue, thus enhanced profitability margins. Todd’s desire to help more home seekers saw him found Legendary Financials, an affiliate of Legendary Properties. The new company served underserved clients, who would not access loans from traditional banking institutions. However, the financial crisis of 2008 forced Todd to venture into commercial demolitions and scrap metal recycling business. In his long and successful career, Todd has completed more than 7000 real estate and lending transactions.That can be found on crunchbase.
The real estate investor resides with his wife and two beautiful children in Bethesda, Maryland. He spends his free time with his kids and often takes them for trips across the nation and abroad. Moreover, Todd Lubar has committed his life to adding value to people’s lives by supporting various charitable initiatives. http://patch.com/maryland/potomac/todd-lubar-successful-baltimore-businessman
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