Are you Interested in becoming a Private Money Partners? For more information Call today (708) 557-9667 or email me @ e.pitts@comcast.net

1. Pitts Enterprises Inc.

Private Money Partners
2012 Opportunities……

2. Disclaimer
This is not an offer to purchase or sell securities. Any
person, entity, or organization must first be
qualified by the company and read all of the
offering documents and attest to reading and fully
understanding such documents. Pitts Enterprises
Inc. is not a licensed securities broker-dealer and
as such, do not hold themselves to be. The
following presentation and all material therein
should be construed as informational only and not
as an advertisement soliciting for any particular
purpose or product. All securities herein discussed
have not been registered or approved by any
securities regulatory agency in accordance with
the securities act of 1933 or any state securities
laws.

3. Pitts Enterprises Inc.
Pitts Enterprises Inc. has assisted hundreds of
investors with realizing their dream of real
wealth building through diversifying their
portfolio with real estate.
Today, we are in a position to offer more
opportunities than ever for the right
investor.
The biggest opportunity is the chance to
further diversify your portfolio by providing
short-term funds for investment purchases!

4. What does Pitts Enterprises Inc. do?
 Pitts Enterprise Inc. locates undervalued properties
through bank relationships (REO), distressed sellers,
and other sources. We then purchase these
properties for our own portfolio and additionally we
sell some of these properties to other investors or end
users.

5. What does Pitts Enterprises Inc. do?
 Pitts Enterprises Inc. borrows funds from private investors to
purchase and sometimes renovate the properties.
 Pitts Enterprises Inc. sells the properties for profit in the
wholesale or retail market, depending on the property.
 Pitts Enterprises Inc. provides the Purchase of the property
depending on the credit we provide rehabilitation of the
project and either the property management or listing
services, depending on the type of investment
strategy, after the purchase.

6. Why the Need for Short-Term Financing?
 A significant percentage of Pitts Enterprises Inc.
properties are sold to investors using conventional
mortgages. These properties must be purchased and
rehabbed by Pitts Enterprises Inc. before an end
investor can purchase using conventional financing.
 For us to be able to offer a wide variety of inventory
to our client base, we need to close and rehab
multiple houses per month. Hence, the need for
funds…

7. How is this Different from Hard Money?
 This is different in several ways:
Pitts Enterprises Inc. The lender is not waiting on the buyer to refinance there
house, which is much more difficult and time consuming in today’s market
that requires perfect credit. My company is selling the Note within six months
to a year after purchase. Then the next step is to fix there credit which at that
point allows the home owner to receive a lower interest rate. The buyers
motivation is a lower interest rate.
Pitts Enterprises Inc. The lender is
paid a monthly Mortgage Note
payment by the new buyers.
Pitts Enterprises Inc. The lender is
financing the purchase price.

8. How Does Pitts Enterprises Inc. Buy Property So Far Below
Market Value?
 Pitts Enterprises Inc. creates value by purchasing, in bulk,
distressed properties at a significant discount which are
vacant and in need of rehab and turning them into
attractive functional family homes.
 After buying and selling over 30 properties in the last five
years, we know where to look, what to buy, what not to
buy, and how to renovate a property to maximize
investor’s dollars.

9. The Initial Steps
 You the investor calls Amanda Holbrook at
Equity Trust and sets up a self-directed IRA.
 (or) You the Investor has cash available for
immediate use.
 You the new investor then applies to be a short-
term lender with Pitts Enterprises Inc.
 You the Investor receives updates and
announcements of available lending
opportunities with Pitts Enterprises Inc.

10. Example Note Terms
 ARV (After Repair Value) = $45,000.00
Pitts Enterprises Inc. pays for an independent, licensed
appraisal before we commit to buying a property.
 Note Amount (Our cost basis)
= $35,750.00
 LTV(Loan to Value) = 30% to 65%
 Term = Two Year - Maximum 10 Years
 1st Position Note
 Origination Points = 5.0
 Interest Rate = 11%

11. Investor Protections
 All funds are channeled through and disbursed
by closing attorney
 Rehab Funds are escrowed by closing attorney
 Tax and Insurance Escrows or Pre-Payment
 Additional Information Provided on Subject
Properties
 Scope of Work, Itemized Rehab List, etc.

12. Steps to Fund the Deal
(Pitts Enterprises Inc. The Lender Using
there Own Cash)
 Closing attorney prepares note and deed of trust
 You the investor reviews all documents for accuracy and
approves the paperwork
 You the investor faxes documents back to Pitts Enterprises
Inc. who delivers to closing attorney
 You the Investor sends funds to attorney’s office to close
on the property on behalf of Pitts Enterprises Inc.
 Closing Attorney records deed of trust
 Pitts Enterprises Inc. begins the rehab
 Pitts Enterprises Inc. mails You the Investor an monthly
payment after the 90th day, etc, etc.


13. Steps to Fund the Project
(Lender/Partner/Investor Using Self-
Directed IRA)
 Closing Attorney prepares the Notes and Deed of trust
 Attorney pre-fills Equity Trust Company investment forms for New
Client. If you are a client with a self – Directed IRA
 New Client reviews all documents for accuracy and approves the
paperwork
 New Client faxes signed documents to Equity Trust
 Equity Trust wires funds to closing attorney
 Attorney records Deed of Trust
 Attorney sends the Note to Equity Trust Company
 Pitts Enterprises Inc. begins the rehab
 Pitts Enterprises Inc. mails interest payments to Equity Trust for deposit
into New Clients IRA account.

14. Example Project In the Chicagoland
Cook County Area
Purchase Price: $15,500

15. Initial Deals Are 30k Structured
With Seller Financing
 After Repair Value of House: $55,000
 Pitts Enterprises Inc. Purchase Price
= $15,500.00
 Estimated Renovation Budget = $12,000.00 Client pays for
Renovation cost.
 Closing Costs = $750.00
 Pro-Rated Taxes and Insurance = $1,345.00
 Total Cost Basis = $17,595.00
 Investor Funds= $17,595.00 divided two ways $8,797.00 each.
 Lender Origination Fee= $1,750.00 paid by the buyer

16.  $8,797.00 Principal Invested
 5.0 Points = $1,750.00
 Down Payment $6,000.00
 Interest on $29,000 @ 11% For 10 years = $47,949.60
 $4,796.16 Earned in One Year
 Purchase Price $35,000.00
 11.0% Interest
 Secured by Deed of Trust
 Insured by Hazard Policy
 LTV @ 39% Of property value
 Buyer provides Money for Renovation

17. What Happens When Pitts Enterprises
Inc. Sells the Property to a buyer?
 Let’s say a new deal starts On January 1. The New Client
and Pitts Enterprises Inc. funds the deal for ten years.
 On January 30th, Pitts Enterprises Inc. finishes the rehab
work and already has a buyer under contract.
 With the closing for the end buyer around February 30th
The new Client starts paying there Mortgage Note
starting April 1st. We begin to earn a consistent income
on this deal for the next ten years. With a return on our
investment if we sell the note within one to two year.

18. After Renovation
After Repair Value: $55,000

19. Before & After Pictures

20. Before & After Pictures

21. Before & After Pictures

22. Multiple Exit Strategies
 We can offer you a note renewal
 We can refinance your note with another lender
 We can bring in credit partners to refinance
 We can sell the property quickly at a discount to another
investor

23. Pitts Enterprises Inc.
Contact Vincent Pitts or visit
www.pittsenterprise.wordpress.com
for more details to get
started!
[708-557-9667]
e.pitts@comcast.net