About

About Mono Azul Capital

With the lack of decent homes for people to live in, Mono Azul Capital saw the opportunity to fix up distressed homes to give people a nice place to live at a fair price. Mono Azul Capital focuses mainly in Iowa and Georgia. Purchasing distressed single family 3bed 1bath homes between 750-1500 sqft.

Mono Azul Capital can only accomplish this because of it’s partnerships with our property managers, contractors and investors. We would not be able to be where we are today without them. The company’s long term goal is to continue to purchase distressed single family homes and eventually move to multifamily assets.

Derek Reid, Owner/Operator

Email: Dreid@monoazulcapital.com

Phone: (951) 219-5387

About Derek Reid

Derek has from a young age always wanted to build a company. After trial and error, jumping from job to job, business venture to business venture, Derek landed a job at EmpireWorks in 2018. That is where he discovered his passion for construction and managing people. Derek learned how to run and manage a small business within EmpireWorks. During the first five years, he helped estimate, sale and produce $15m worth of work. Projects ranging from simple paint projects to massive clubhouse remodels.

After reaching his goals at EmpireWorks, he was ready for the next challenge. That is when his boss/mentor Chet pushed him into real estate. Combining his skills he learned at EmpireWorks and his knowledge of mortgages, Derek was able to successfully complete his first project. From that point he was hooked. When Derek Isn’t spending time working he enjoys running long distances and spending time with his family. Derek has been with his wife (who he meet on a plane) since 2021. They recently had their first child (Lily Ryan) in May of 2024.

History of Mono Azul

Mono Azul wasn’t always a real estate company. When Derek was sixteen, he originally started Mono Azul as an app development company. Creating a game called Shapes. Although probably one of the proudest moments in Mono Azul’s history was when Derek realized everybody in his stats class was playing his game instead of listing to the teachers lesson. However, Mono Azul wasn’t meant to be an app development company.

A few years later, Mono Azul morphed into a photography company as Derek was living on his own in Oceanside at 19 years old. He would go door to door down coast highway to take and sell a photography service to the restaurants and shops. After Derek had a stretch in the mortgage industry and successful career working for a large general contractor estimating, selling and managing large projects, it was only natural for Real Estate to be Mono Azul’s final destination.

What we do

We work with everyday investors/people who want to invest in real estate but don’t know how or have the time too. Learn more about the process below!

Find a Property

We work with real estate whole sellers, real estate agents and direct sellers to find distress properties significantly under market value.

Evaluate the Property

We send out one of our trusted contractor partners to evaluate the property. We work with them to come up with a repair scope and price.

Submit an Offer

After determining the price to bring the home to Mono Azul Capital standards, we underwrite the deal. If the deal hits certain metrics. We put in an offer on the home.

Repairs Begin

Once the house closes, the repairs begin. We work with our trusted contractor partners and property managers to get it complete. Along with weekly video walk throughs.

Up for Rent

Once the house is complete, we do our final virtual walk through with our Contractor and Property Manger. If everything is completed, we send the final payment and the house gets put up for rent.

Money Back

With the value of the home now increased because of the upgrades, we are now able to pull out our initial investment. Allowing us to pay back our investors and start the next project.