Not many people will think about the tough path that Todd Lubar has taken to be the successful businessman that he is today. Well, the reality about his journey in investment is that two decades ago, he was in the same situation that all the college graduates normally find themselves in, academic papers and no experience, which leads to limited employment opportunities. When Todd Lubar got out of school, the first investment that he decided to try his hand in was real estate investing and years later, it has really paid off. Soon after he started his real estate venture, Todd realized that it was where his passion lay, and he made long term investment plans based on that.
Like all other investors with limited capital, he had to find a path into the business. He decided to network. He got connection to players in the industry such as estate agents, CPAs, real estate developers and financial planners among other industry players. These connections would come in handy for him later because they formed his clientele basis when he started his first referral business.
Then, he realized that the traditional mortgage business model was putting a lot of investors at a disadvantage, mainly because not many people had the access they wished to funds that would help them do real estate development. He decided to start a lending institution that would offer alternative lending solutions to people that didn’t have a chance with the conventional system.
This business was under the sponsorship of the First Magnus Cooperation. This is what helped him achieve excellent business growth, and construct more than 7000 homes. Because of the nature of the property market, he was able to interact with many different client types and get a clear understanding of the different situations that clients go through.
He has tried his hand in other businesses such as scrap metal recycling and building demolition, which were very successful. He believes in looking for gaps in the investment market and filling them appropriately, which is the reason behind his success.
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