All Forum Posts by: Mathew Kires

I just closed on a duplex with a conventional mortgage loan, and I used Fund & Grow and Plastiq to wire part of the downpayment. This was the process for me:

Secure sufficient business lines of credit through Fund & Grow. I received about 60k of available credit in less than 30 days. (16k within the first week). I have a great credit score, good stated income, and about 50k worth of personal credit to my name already, so it was relatively easy to get approved. Just be sure to be available while they're talking with the reps at the credit card companies because sometimes they'll send you a string of numbers to confirm your phone number etc.
Set up a Plastiq account. Once you have the desired amount of business credit for the downpayment and have activated the cards, upload the card(s) that you'll be using to Plastiq, ( preferably Visa for real estate from what I'm told ). Next, set up the ability to send wire transfers. This is important since you'll want to wire the funds to the title company instead of the tradition check in the mail which can take 2-3 business days. They'll require that you fill out a bit more information, and even ask for a picture of you holding your driver's license next to your face to confirm your identity. It took a few days for me to be confirmed, so knock it out early.
Wire everything over early. As soon as you know your final funds to close and the closing date, call whichever credit card company(s) that you'll be using and let them know that you'll be making a pretty significant purchase within the next few days. Then send the funds to the title company through the wire transfer feature in Plastiq. Obviously take into account the 2.5% fee and the $30 wire fee. I have a Capital City Visa card with an 18k credit limit, so to be safe I only put $17,400 as the amount to wire. After the fees and such it bumped up to $17,865.
Jump through their hoops. Plastiq asked me to send them the title company's contact info, and upload the final closing docs and the purchase and sale agreement with any addendums. Once submitted they said it was under review. After a few hours they asked me for a screenshot from the credit card account showing the pending amount. I sent everything over promptly and got an email the same day saying that the wire was approved and sent. I confirmed with title and sure enough, everything was there!

NOTES:

Ask Questions. I was very skeptical and cautious because I was relying on these business lines of credit to make this deal possible. I asked a ton of questions of both Fund and Grow and Plastiq, and I highly recommend you do the same because every deal and financial situation can look different.

Get the Clear to Close. Cash deals are obviously different, but this was a traditional mortgage through a bank so I had to show sufficient funds to close between all the personal and business accounts* along with every other mortgage requirement. Business lines of credit don't count as funds to close, so you'll need to show and source sufficient funds before they give the go-ahead. From what I've heard, banks just need plausible deniability as far as funds go, so once you have the "clear to close", you can theoretically wire funds from somewhere else without issue. I'm not an attorney, not a mortgage broker, not a bank, etc., etc.

*make sure that your name is on all the business accounts that you use and get written permission from the other members to use the funds.

Have good credit. Fund and Grow does ding your personal credit, and those inquiries will be asked about by the mortgage underwriter. Tell the truth. Your company is applying for business lines of credit through your credit score, but you are not personally liable for those accounts. If your credit score is high enough, you shouldn't have any issues.

This is information I wish I had before doing this deal, so hopefully it's helpful! Good luck and God Bless!

Hey Jonathan, thanks for sharing this detailed breakdown! It's super helpful to see exactly how you navigated this process. I’m in the early stages of leveraging business credit for real estate deals and looking into similar funding strategies.

A couple of quick questions:

How did your credit utilization impact your personal credit score during this process?
Were there any unexpected challenges when working with Plastiq or Fund & Grow that I should prepare for?
Now that you've gone through this process, would you do anything differently to optimize it?

Appreciate your insights—looking forward to learning more!

0 Votes

Quote from @Ghulam Sarwari:

Hello Mathew Kires:

We are a private money lender that provides REI Loan, Commercial Loan and Business Loan Nationwide. If you come to the point that you need funds for your projects please do not hesitate to contact us and we will be happy to assist you.

Ghulam N. Sarwari

*** Private Money Lender Nationwide ***

REI Loan, Commercial Loan and Business Loan

Phone Number: (540)783-9085

Email: [email protected]

Website: https://brightviewcommercialcapital.com

Hi Ghulam,

I appreciate your response and the opportunity to connect!

I'm based in Baldwinsville, NY (Syracuse area) and actively growing my real estate business, Kires Legacy Properties LLC. My primary focus right now is on fix & flips, leveraging business credit, private lenders, and creative financing to acquire and scale quickly.

To answer your questions:

✅ Rental Properties: I’m currently focused on flips but plan to transition into rentals as capital builds.

✅ Fix & Flips: I am in the process of acquiring my first deals under this strategy and will be scaling aggressively throughout the year.

✅ Credit Score: My business structure prioritizes funding through business credit, hard money lenders, and private financing to minimize personal credit exposure. However, I ensure my financials are structured for success.

I’d love to discuss how we can align for mutually beneficial opportunities. Let’s set up a time to talk—what’s your availability this week?

Looking forward to making big moves together!

Best,

Mathew Kires

Kires Legacy Properties LLC

📧 Email: [email protected]

📞 Phone: 315-532-3993

🌐 Website: https://www.linkedin.com/in/mathew-kires-b29a61350?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

0 Votes

Upstate New York, New York

Quote from @Ghulam Sarwari:

Hello Mathew Kires:

Ghulam N. Sarwari

*** Private Money Lender Nationwide ***

REI Loan, Commercial Loan and Business Loan

Phone Number: (540)783-9085

Email: [email protected]

Website: https://brightviewcommercialcapital.com

Hi Ghulam,

I appreciate you reaching out! I'm actively growing Kires Legacy Properties LLC, focusing on fix & flips and creative real estate financing in Upstate NY. I'm always looking for reliable private lenders who offer competitive terms and fast closings.

A few quick questions to explore a potential fit:

What are your typical LTV ratios, interest rates, and loan terms for fix & flip projects?

Do you offer 100% financing or require a down payment?

How fast can you close on funding once a deal is approved?

Any specific property types or deal structures you prefer?

I’d love to see how we can work together on future deals. Looking forward to your response!

Best,

Mathew Kires

Kires Legacy Properties LLC

0 Votes

Upstate New York, New York

Quote from @Stuart Udis:

One of the key take aways from your response are that none of contingency plans involve your own capital, and if you fail, that will be why. Your lone strategies are to continue to borrow, borrow and borrow when issues arise, and they will. It's the nature of the business.

Hey Stuart,

I appreciate your perspective, and you’re absolutely right—real estate is a business where issues will arise. That’s why the key isn’t just having capital, but knowing how to structure deals so risk is mitigated while maximizing leverage and cash flow.

My strategy isn’t simply “borrow, borrow, borrow” but rather:

✅ Strategic use of OPM (Other People’s Money) – Business credit, private funding, and creative financing to scale without tying up personal capital

✅ Multiple exit strategies – Not every deal is a straight flip; I factor in lease options, seller financing, and refinances as needed

✅ Mitigating risk without excessive personal exposure – Using reserves smartly while keeping the business self-sustaining

I respect your experience, and I know traditional investors lean heavily on their own capital reserves. But I believe wealth is built through smart leverage, risk management, and strategic execution.

Always open to great insights—how do you personally structure reserves while scaling?

Looking forward to the discussion!

Best,

Mathew Kires

0 Votes

Upstate New York, New York

Quote from @Stuart Udis:

What happens when contingencies arise and you go over budget? Delays in deliveries or delays in sub contract work completion preventing bank draws when net 30's come due? What happens when the properties do not sell as quickly as possible or don't sell at all and must now be refinanced where the equity must be left in the property? These are the realities of owning real estate and none of your strategies account for this. There's nothing wrong with using the strategies you are contemplating. In fact I am in support of them if done responsibly. Just make sure you have ample reserves on the sideline otherwise you may find yourself in substantial debt. Also, the more you opt to use these high leverage strategies, the more reserves you should have on the sideline.

Hey Stuart,

I really appreciate your insight—it’s clear you’ve seen the ups and downs of real estate investing firsthand. You’re absolutely right that reserves and risk management are critical when using high-leverage strategies.

My approach with Kires Legacy Properties LLC is built on multiple fail-safes and contingency planning to minimize risk, including:

✅ Diversified funding sources – Business credit, private lenders, and strategic partnerships to avoid cash flow bottlenecks

✅ Exit strategy flexibility – Primary goal is quick flips, but I have backup options including seller financing, lease options, or refinancing if a property doesn’t move as expected

✅ Reserves & liquidity – I’m structuring deals in a way that ensures access to emergency capital for unexpected delays or market shifts

I’m always open to learning from experienced professionals like yourself—if you have any additional insights on optimizing reserves while still scaling aggressively, I’d love to hear them!

Thanks again for the solid advice—let’s keep the conversation going!

Best,

Mathew Kires

Kires Legacy Properties LLC

0 Votes

Upstate New York, New York

Quote from @John Mason:

@Mathew Welcome to BP!! Your strategy is awesome.Are you using FundToGrow and Plastiq?

Hey John!

Appreciate the welcome and the kind words! My strategy is all about leveraging business credit, creative financing, and strategic partnerships to maximize opportunities in Upstate NY.

I haven’t used Fund&Grow or Plastiq yet—definitely interested in hearing your thoughts on them! Have they worked well for you in scaling and funding deals?

Looking forward to connecting and learning from experienced investors like you!

0 Votes

Upstate New York, New York

Hey everyone, I’m new to real estate investing and just launched Kires Legacy Properties LLC with the goal of flipping undervalued properties and scaling into rentals.

I’m structuring my business around business credit, private lenders, and creative financing to minimize risk and maximize profits. No personal money in deals—only leverage!

🔹 What I’ve Done So Far:
✔ Registered my LLC & built business credit
✔ Opened Net 30 accounts & business credit cards
✔ Started networking with lenders, wholesalers, & experienced investors
✔ Actively scouting properties in Upstate NY

🔹 What I Need Help With:
💰 Best strategies to get 100% financing for flips
🏡 How to find deeply discounted properties
📊 Creative deal structuring & funding tips
📍 Any market-specific insights for Upstate NY?

If you’ve been in this game and have tips, lenders, or connections, I’d love to connect! Let’s build wealth together. Drop advice, resources, or let’s network! 💪

#RealEstateInvesting #FlippingHouses #BRRRR #CreativeFinancing #BusinessCredit #WealthBuilding #Networking #Funding

0 Votes

Upstate New York, New York

Hey everyone, I’m building Kires Legacy Properties LLC with a focus on flipping undervalued properties and scaling into rentals using business credit, hard money, and private lending.

🔹 What I’ve Done So Far:
✔ Established LLC & business credit
✔ Applied for multiple funding sources (hard money, 0% APR business credit, private lenders)
✔ Actively networking to find mentors, lenders, and experienced investors

🔹 What I’m Looking For:
💰 Best funding strategies for flipping & BRRRR
🏦 Lender recommendations with favorable terms
📍 Upstate NY market insights & profitable deal sources
🤝 Partnerships with investors, wholesalers, and lenders

If you’ve scaled a real estate business, leveraged creative financing, or have experience flipping in Upstate NY, let’s connect! Advice, connections, and insights are welcome! 🚀

#RealEstateInvesting #FlippingHouses #BRRRR #Funding #Networking #WealthBuilding #FixAndFlip #BusinessCredit #CreativeFinancing

1 Vote

Upstate New York, New York

Hey everyone! I recently launched Kires Legacy Properties LLC, focusing on flipping undervalued properties and scaling into long-term rentals using business credit, private lending, and creative financing.

🔹 Current Progress:
✔ LLC structured & business credit-building underway
✔ Applying for multiple funding sources (hard money, 0% APR business credit, private lenders)
✔ Networking with investors, lenders & experienced real estate pros

🔹 Goals:
🏠 Secure funding for first profitable flip
📈 Build a repeatable & scalable system for flipping & BRRRR
🤝 Form strategic partnerships with lenders, investors & real estate experts

🔹 Looking for:
💰 Best funding strategies for scaling a real estate investment business
🏦 Recommendations on lenders with favorable terms
📍 Upstate NY market insights & profitable deal sources

If you’ve successfully scaled your real estate business or leveraged creative financing to grow, I’d love to hear your insights! Let’s connect and build something big! 🔥

#RealEstateInvesting #ScalingBusiness #CreativeFinancing #Funding #WealthBuilding #FixAndFlip #BRRRR #Entrepreneurship

0 Votes

I’m actively scaling my real estate investment strategy in Upstate NY and looking for hard money lenders ready to fund profitable deals on fix & flips and BRRRR projects.

🔹 What I Offer:
✅ Strong deal flow – constantly sourcing undervalued properties
✅ Structured exit strategy – flips or cash-flowing rentals
✅ Business credit-backed financing to de-risk deals
✅ Full transparency and solid ROI potential for lenders

🔹 What I’m Looking For:
💰 Hard money lenders who can provide fast, flexible financing
📍 Lenders experienced with Upstate NY markets
🏠 Competitive terms on fix & flips or BRRRR deals

I’m focused on building long-term relationships with lenders who want to grow with a serious investor. Let’s connect and discuss funding opportunities! Drop a comment or DM me to collaborate.

#RealEstateInvesting #HardMoneyLenders #FixAndFlip #BRRRR #UpstateNY #PrivateLending #WealthBuilding

0 Votes

Upstate New York, New York

All Forum Posts by: Mathew Kires

Mathew Kires has started 7 posts and replied 23 times.

Post: Using Fund and Grow along with Plastiq for paying down payment

Post: 🏡 Seeking Hard Money Lenders for Flip & BRRRR Deals in Upstate NY! 💰

Post: 🏡 Seeking Hard Money Lenders for Flip & BRRRR Deals in Upstate NY! 💰

Post: 🚀 Scaling with Business Credit & Private Lending – Who’s Leveraging Creative Funding

Post: 🚀 Scaling with Business Credit & Private Lending – Who’s Leveraging Creative Funding

Post: 🔥 Flipping & Scaling in Real Estate – Leveraging Business Credit & Creative Finance

Post: 🚀 Starting My Real Estate Journey – Flipping & Funding Advice Needed! 🏡💰

Post: 🔥 Flipping & Scaling in Real Estate – Leveraging Business Credit & Creative Finance

Post: 🚀 Scaling My Real Estate Business with Strategic Funding – Advice & Connections Need

Post: 🏡 Seeking Hard Money Lenders for Flip & BRRRR Deals in Upstate NY! 💰