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PLAN OF OPERATIONS

Avalon Capital Partners, LLC, a real estate private equity fund, was formed to purchase, renovate and sell

distressed single family residential properties. The Fund plans to focus on properties that can be purchased at a

deep discount to current market values thru a variant of methods including Sheriff's Sales, Bank Owned Properties

(REO), Short Sales, Pre-Foreclosures and Estate Sales, that will eventually sell between $300,000 to $750,000.

Each property will be properly vetted before a purchase is considered and the Fund plans to engage a third party

licensed appraiser and/or local real estate agents specializing in specific markets as part of its due diligence. Upon

purchase the Fund will utilize current relationships with building contractors to immediately begin renovations

upon closing. The scope of the renovations will range from small cosmetic projects to constructing additions and

adding new living space levels. The Fund will focus on projects that have an acquisition through disposition time

frame of from three (3) to ten (I 0) months. This timeframe includes the purchase, renovation and resale. The Fund

does not anticipate using leverage or external financing in the purchase or renovation of the properties. We are in a

unique position in the market as we have the capability to identify distressed real estate, offer to purchase for cash

with no contingencies, and close within 7 days. Purchase, Renovate and Sell. Direct Cash Flow being the result.

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Recent Transactions

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The Fund is managed by Avalon Capital Partners, LLC, solely owned by Jeffrey C. Chatfield,

Esq. Mr. Chatfield is a 1988 graduate of the University of Delaware with a B.A. degree in Political

Science and History and a 1992 graduate of City University of New York School of Law, J.D. degree

and is admitted to practice law in NJ and NY. As a practicing attorney focusing strictly on real estate

over the past 27 years Mr. Chatfield has closed over 10,000 residential real estate transactions

during this time and over the past 15 years has formed and represented investment groups in the

purchase and successful re-sale of numerous commercial properties as both attorney, investor and

property manager. Additionally Mr. Chatfield holds a license as both a residential and commercial

real estate sales person.

FUND MANAGEMENT

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