Experienced real estate and finance professional, Nicholas Kahrilas is the President of Platinum Legacy. Based in Los Angeles, the company is a direct portfolio lender that provides short term bridge loans. Nicholas is also a passionate community leader and the Former President of the Beverly Hills Chapter of the YPO and Charitable Ways.
Top Three Time Management Tools For Entrepreneurs
Entrepreneurs face many struggles, one of the most consistent being time management. No matter how great you are at this, there is usually room for improvement.
You need to fill your day with productive hours. You need to be well-rested to keep your mind sharp. You need to somehow have a life outside of work.
Along with all of these needs, you must also set realistic goals for what you can get done. For example, when you have an upcoming project, it’s essential to know, realistically, how man...
Busting Common Mortgage Myths
For many, buying a house is the largest purchase they will ever make. Homeowners typically stay in the same place for at least five years, so, understandably, prospective homebuyers often look into mortgages. Even buyers who do thorough research to prepare won’t necessarily find all the inside information they need to get the best rate.
Budget
The first thing homebuyers should do is get honest with themselves about their budget. It’s a good idea to be flexible as much as possible. Stretching ...
What is Real Estate Lending and Why is It Important?
Those wishing to expand or renovate a property or business can acquire financial assistance through real estate lending. These loans are similar to residential mortgages but different from small business loans. Typically, they are known as CRE loans.
What Is Corporate Social Responsibility and Why Does It Matter?
Corporate social responsibility is an essential factor in any business. CSR is an automatic model that ensures companies’ actions are held accountable by stakeholders, the public, and themselves. Practicing corporate social responsibility is also referred to as corporate citizenship. Engaging CSR means that a company is conscious of its impact on society, the environment, and social and economic factors.
Common Types of Real Estate Loans
There’s a reason why so many people are attracted to the real estate industry. It is probably the only industry where gaining a large amount of money in a short time is actually possible. However, it’s also one of the most common areas to lose money. This is why so many aspiring flippers and homeowners will seek a real estate loan to get things started.
Three Ways to Incorporate Philanthropy Into Your Budget
Philanthropic giving is one of the best ways for the average person to make the world a better place. Unfortunately, many people who want to donate struggle to do so, finding it difficult to give time and money. Thankfully, there are plenty of solutions to this problem. Using a few budgeting tricks, anyone can find a way to support a beloved cause and stay motivated.
Focus on a Fixed Percentage
The easiest way to budget for philanthropy is to treat donations like standard expenses. Add a line...
Current Real Estate Opportunity Zones
Those looking to invest in real estate may find some promising prospects in federally-mandated opportunity zones. These are designated geographic areas that the U.S. Department of the Treasury has identified as a low-income census tract that could benefit from new development. Currently, there are 8,700 opportunity zones, and these areas have an average poverty rate of 29 percent.
Those who choose to invest in projects in the area get many tax benefits. They can defer capital gains taxes by r...
Essential Skills for Real Estate Lenders
The skills necessary to succeed in real estate differ, depending on which path a professional follows. From agents to consultants to lenders, every real estate career calls for highly-specialized skills and talents to improve a client’s experience. Knowledge of lending skills is critical for those hoping to aid real estate investors in building out projects and evolving properties. These are the most fundamental skills for real estate lenders.
The Ability to Forecast Project Success
Whether t...
What Philanthropy Looks Like on the Small Scale
Though big gestures of charity tend to get the most attention, not every philanthropist sets up scholarships or donates thousands of dollars each year. The reality is that many philanthropic people can only participate on a smaller scale. Though their acts of kindness may not be as grand, they still make a significant impact. When hundreds of people get together and start giving, the results can be impressive. Here are some examples of small-scale philanthropy that can change the world.
Crowd...
Meet Nicholas Kahrilas | Founder and President of Platinum Legacy
Nicholas Kahrilas is the Los Angeles-based Founder and President of Platinum Legacy. With several decades of finance, real estate, and entrepreneurial experience under his belt, Nicholas Kahrilas boasts over 1.5 billion in advised and funded transactions across his illustrious career. Nicholas Kahrilas got his start as the owner of Painters Warehouse Stores. For many years, this chain was renown by the entertainment industry, supplying big-name production companies with paint and similar tool...