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.
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!
We work with real estate whole sellers, real estate agents and direct sellers to find distressed properties significantly under market value.
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.
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.
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.
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.
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.
Currently we are investing in Georgia and Iowa. The reason being is we have a strong team in both those markets. Being a remote investor its very important to have boots on the ground you can trust.
We are able to find deals in this market because of the relationships we have built with different realtors and wholesalers. We also do our own marketing from mailers to phone calls. Also some online ads
Absolutely, with the proper leadership along with checks and balances. We have found it extremely easy. All members of the team are different parties and companies.
Having each member of the team being not financially related. Does a few things. It keeps everybody honest. Also creates an environment where people want to report their findings to ownership because each party/goals are different.
This with the combination of doing lots of video walk throughs and getting lots of photos. The projects go very smooth.
Also because of the relationships we have been building along the way. Along with the reputation we have for buying and renovating homes. If problems come up. Our contractors stand by their work and take care of it right away.
Right now we are focused on single family homes that are typically 3 bd 1 bath 1250 sqft or smaller. We focus on those type of projects because we know they will generate cash flow after we renovate them.
Mono Azul Capital has own investment properties since 2021.
No, I leave it to my team to send me all the information I need.
