Todd Lubar began his real estate career in 1995. Because of his desire to be of assistance to others, it quickly became apparent to him that real estate and finance would be his life long career. He initially worked with Crestar Mortgage Corporation as a loan originator, and it is during this time that he learned the subject of conservative mortgage banking. The experience he got from this was invaluable. He spent time developing relationships with financial planners, CPA’S, real estate agents and insurance agents who are now part of a great source of referral business.
In 1999 Lubar took another step by acquiring a position with the Legacy Financial Group. This gave him a chance to expand his lending abilities. He was able to give broker loans to external investors and also lend as a personal mortgage bank.
In 2002, Todd decided to take his career to the next level by founding Legendary Properties, LLC. His experience in the real estate industry facilitated the speedy progression rehabilitating, purchasing, selling and profiting on more than 200 transactions ranging from single house-hold dwellings to twenty unit multi-dwelling properties. Through all these works, Todd managed to build relationships with individuals experienced in all building trades required to not only produce a quality product but do it on time as well.
In 2003, Lubar opened Charter Funding- one of the biggest privately owned mortgage company in the United States. With this affiliation, Todd was able to expand his business owing to the enormous access to an array of programs and products.
After observing the market for more than 12 years, Lubar assessed a niche of clients who were under-served. He consequently formed Legendary Financial LLC- a subsidiary of Legendary Properties LLC.
Lubar used the liquidity from Legendary Properties together with his own cash to help a market of borrowers otherwise overlooked by conventional lending sources. With over 7000 transactions he was able to analyze the absolute risk of almost every loan scenario and make proper decisions based majorly on market conditions. See, http://www.toddlubar.com/.
Between 2007 and 2008, the mortgage industry underwent significant changes and this forced Todd to get involved in various other lines of businesses. View Todd’s full bio on instantpeoplefinder.com.
The economic fall in 2008 was devastating for everyone, but it hit the real estate market worst of all. With money being lost on both the corporation, public, and personal levels no one was willing to take any risks. Businesses that were not prepared to take the hit quickly fell under and families that lost too much money had to sell their homes at low prices in hopes of making some revenue. CultureMap writes that for a while the market stagnated, even if a company was financially stable that weren’t looking to expand, the cost outweighed any predicted reward.
However, something special happened in Houston, Texas. Fairly recent after the real estate market fell. Surprisingly, new companies began to pop up around the city and its neighboring areas after the economy showed signs of recovering. They companies took advantage of the low prices of land and buildings that had been sold or abandoned from other businesses. The low prices of real estate actually helped revitalize the city. Houston was a prime location for new companies to begin and established companies to expand. Houston has more natural resources and free, undeveloped land than any other state in America, with its metropolitan district being almost the size of New Jersey.
As more businesses were constructed, real estate began to grow as well. Those businesses brought and increased amount of available jobs market and in turn attracted more people to the Houston, Texas area. These people had to have places to live so they bought pre-existing houses or became the demand that had new living areas built. More people living in the city meant companies could expand, and the cycle has been continuing to this day. It was very beneficial to jump into this cycle early to gain the most reward.
Haidar Barbouti was one of the property investors who was smart enough to enter the Houston real estate market early in its recovery. Barbouti focuses on the development of his properties and has seen major success with all this acquisitions. He bought the Highland Village and the surrounding Oak Estates apartment homes in 1991, but has been working in the field with his family since 1986. Highland Village has seen many additions under Haidar Barbouti’s watchful eye, including his own restaurant “Up Restaurant”, the Highland Village Pet Adoption Center. Other companies have selected the shopping center as a prime location to set up shop. Apple, Crate and Barrel, and the first Starbucks in Houston have been long time residents of Highland Village. Haidar Barbouti takes pride in being able to work with all the corporations and people that are interesting in supporting his shopping center. He believes that team work is what has made the area so popular and successful.