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                                                                    EXHIBIT 31.1

             CERTIFICATION PURSUANT TO RULES 13a-14 AND 15d-14 UNDER
           THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Ronald E. Kimbrough, Acting Principal Executive Officer and Chief Financial
Officer of First Equity Properties, Inc. ("the Company"), certify that:

1.       I have reviewed this quarterly report on Form 10-Q of the Company;

2.       Based on my knowledge, this quarterly report does not contain any
                  untrue statement of a material fact or omit to state a
                  material fact necessary to make the statements made, in light
                  of the circumstances under which such statements were made,
                  not misleading with respect to the period covered by this
                  quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
                  information included in this quarterly report, fairly present
                  in all material respects the financial condition, results of
                  operations and cash flows of the registrant as of, and for,
                  the periods presented in this quarterly report;

4.       I am responsible for establishing and maintaining disclosure controls
                  and procedures (as defined in Exchange Act Rules 13a-15(e) and
                  15d-15(e)) and internal control over financial reporting (as
                  defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
                  Company and have:

         a.       designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  my supervision, to ensure that material information relating
                  to the company and its consolidated subsidiaries is made known
                  to me by others within those entities, particularly for the
                  periods presented in this quarterly report;

         b.       designed such internal control over financial reporting, or
                  caused such internal control over financial reporting to be
                  designed under my supervision, to provide reasonable assurance
                  regarding the reliability of financial reporting and the
                  preparation of financial statements for external purposes in
                  accordance with generally accepted accounting principles.

         c.       evaluated the effectiveness of the Company's disclosure
                  controls and procedures and presented in this report my
                  conclusions about the effectiveness of the disclosure controls
                  and procedures, as of the end of the period covered by this
                  report based on such evaluation; and

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             CERTIFICATION PURSUANT TO RULES 13a-14 AND 15d-14 UNDER
           THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO
            SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - CONTINUED

         d.       disclosed in this report any change in the Company's internal
                  control over financial reporting that occurred during the
                  Company's most recent fiscal quarter that has materially
                  affected, or is reasonably likely to materially affect, the
                  Company's internal control over financial reporting; and

5.       I have disclosed based on my most recent evaluation of internal control
                  over financial reporting, to the Company's auditors and Audit
                  Committee of the Board of Directors (or persons fulfilling the
                  equivalent function):

         a.       all significant deficiencies and material weaknesses in the
                  design or operation of internal control over financial
                  reporting which are reasonably likely to adversely affect the
                  Company's ability to record, process, summarize, and report
                  financial data; and

         b.       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  Company's internal control over financial reporting.

         /s/ Ronald E. Kimbrough

         Ronald E. Kimbrough
         Acting Principal Executive Officer and Chief Financial Officer
         November 12, 2003

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