EXHIBIT 31.2

CERTIFICATION

I, Stephen M.
Gould, Principal Financial Officer, certify that:

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|1. | I have
  reviewed this quarterly report for the period ending March 31, 2008 on Form
  10-QSB of Monarch Investment Properties, Inc.;                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                
|2. | Based on my
  knowledge, this 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 report;                       
|   |                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                
|3. | Based on my
  knowledge, the financial statements, and other financial information included
  in this report, fairly present in all material respects the financial
  condition, results of operations and cash flows of the small business issuer
  as of, and for, the periods presented in this report;                               
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|4. | The
  registrants other certifying officer and I are responsible for establishing
  and maintaining disclosure controls and procedures (as defined in Exchange
  Act Rules 13a-15(e) and 15(d)-15(e)) for the small business issuer and have:                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | a)                                                                                                                                                                                                                                                                                                                                        | Designed
  such disclosure controls and procedures, or caused such disclosure controls
  and procedures to be designed under our supervision, to ensure that material
  information relating to the small business issuer, including its consolidated
  subsidiaries, is made known to us by others within those entities,
  particularly during the period in which this report is being prepared;                                            
|   |                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | b)                                                                                                                                                                                                                                                                                                                                        | Evaluated
  the effectiveness of the small business issuers disclosure controls and
  procedures and presented in this report our 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                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | c)                                                                                                                                                                                                                                                                                                                                        | Disclosed in
  this report any change in the small business issuers internal control over
  financial reporting that occurred during the small business issuers most
  recent fiscal quarter (the small business issuers fourth fiscal quarter in
  the case of an annual report) that has materially affected, or is reasonably
  likely to materially affect, the small business issuers internal control
  over financial reporting; and
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|5. | The small
  business issuers other certifying officer and I have disclosed, based on our
  most recent evaluation of internal control over financial reporting, to the
  small business issuers auditors and the audit committee of the small
  business issuers Board of Directors (or persons performing 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 small business issuers ability to record, process,
  summarize and report financial information; and                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | b)                                                                                                                                                                                                                                                                                                                                        | Any fraud,
  whether or not material, that involves management or other employees who have
  a significant role in the registrants internal control over financial
  reporting.                                                                                                                                                                                                                                                               

|                             
|-----------------------------
|Date: April
  10, 2008       
|                             
|/s/ Stephen
  M. Gould       
|                             
|Stephen M.
  Gould           
|Principal
  Financial Officer

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