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About Tranquility Homes, LLC

Vision

            Tranquility Homes' vision is to grow and preserve our lender’s wealth to support profitable real estate investing that strengthens local economies and builds sustainable communities.

Mission

            The company is dedicated to its operational mission of providing Private Lenders secured, hassle free, and high returns to empower profitable real estate investing that strengthens the local economy and builds sustainable communities.

Company History

            The company began in 1995 in Durango Colorado with the purchase of a piece of property and the building of a single family home.  Several purchases, sells, and rentals later, Tranquility Homes, LLC were established in 2003 in Jackson County North Carolina.  Since that time the Company focused on buying to hold for rental income and long-term appreciation.  The Company has dabbled in buying to rehabilitate for re-sale but due to the uncertainties in the housing market has kept this aspect of the business to a minimum until recently. The careful tracking and analysis of Western North Carolina sells and property values indicate that the regional housing market is finding a floor as prices are stabilizing.  These indicators give the Company the confidence to enter into the buy and rehabilitation business on a larger scale. 



Company Overview

            Tranquility Homes is a full service real estate investment and redevelopment company specializing in single and multi-family properties in Western North neighborhoods. By consistently offering high yielding lending opportunities for Private Investors, the company strives to improve the overall quality of living in the Western Carolinas by increasing the value of real estate in our target markets. The Company builds value in communities by rehabilitating properties in significant need of repair.  Rehabilitating properties rather than building new saves resources, preserves lands, and saves natural habitats from development and exploitation.  Each rehabilitation project create sustainability by improving energy efficiencies through weatherization and adding energy efficient appliances. These rehabilitated properties increase community sustainability by improving overall community property values.  The local economy is directly effected by as every rehabilitation project undertaken creates jobs for local contractors and brings dollars to local vendors.

Company Goals

            Tranquility Homes' goal is to vigorously re-enter the buy for rehabilitation and resell segment of the real estate market.  With current inventories remaining high and pricing stabilizing yet remaining very affordable the marketing indicators strongly support the Company’s move in this direction.  Entry into this portion of the market increases the Company’s ability to accomplish its second goal of offering Private Lenders high yielding investment opportunities. To accomplish this goal the company systematically offers the Private Lender a secured and hassle free environment in which to invest for high returns.  The third goal is to use buying, rehabilitating, and selling of real estate as a means to further stabilize the local housing market and thereby strengthen the local economy.

About Allen Lomax, the CEO

 I am a son, brother, uncle, and a dad.  My Dad and sisters live in Texas and Colorado.  My son Cory lives in Shelby North
Carolina and is studying computer information systems and looking forward to beginning his career in high tech.  I live on a small farm with my dog Max and two horses Mack and Dolly.  I blog about horses and finances and you can catch my blog at:  www.equinesapprentice.com.


 I have a PhD in Organizational Systems Psychology, a masters in Counseling, and an undergrad in music and visual arts education.  I’ve taught in high school, middle school, and college.  For most of my professional career I served as a university administrator in various student affairs positions.  I had under my supervision over 100 employees and was responsible for million dollar budgets. 

            I enjoyed my work in higher education.  It was meaningful and fulfilling.  It always gave me a sense of fulfilling a higher purpose.  I never felt that I was working for a pay check, rather I always felt as thought the pay check allowed me to do the work I loved.  I had a good life and I was grateful for it.

            About 10 or 12 years ago I realized that though I enjoyed my work, I wasn’t getting ahead of the game financially.  I began studying real estate and started my investment career.  Over the last 12 years I have bought and sold properties, rehabbed, done conversions, and have held for long-term earnings.  I now hold single family, multi-family, and mobile home parks. 

            12 years ago I never thought or much cared if I would ever be worth a million dollars but in just a few years of starting my investing career I had over a million in assets.

            In spite of the economic success I experienced, I would liked to have continued my career in higher education but that wasn’t to be the case.  In 2007, I had a parting of the ways with Western Carolina University.  At that point I had to decide did I want to move to yet another location to stay in higher education or did I want to stay put and develop what was a part-time endeavor into a full time occupation.  I decided to stay and thus have been supporting myself through my real estate endeavors ever since.

            After leaving Western I studied for my realtor license and since receiving my license have been operating my business as a full service real estate firm.  In addition to traditional brokerage services, my business specializes in buying and selling properties for the primary purpose of establishing collateral upon which Private Lenders can establish secured, hassle-free, high yielding loans.  As the business is growing this secondary aspect is becoming the primary focus of the business.

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