Take Over a Non-Performing Note – Turnkey Florida Home with $100K+ in Equity
Address: 2902 Punta Palma Ct, Holiday, FL 34691
Here’s a rare opportunity to acquire a non-performing FHA note on a turnkey 5-bedroom home in a strong Florida neighborhood—with over $100,000 in built-in equity.
Key Deal Points:
• Take control of the note for just $30K
• Loan balance: ~$420K + ~$20K behind
• ARV: $570K+
• Status: In forbearance (not pre-foreclosure)
• Monthly Rent Potential: ~$3,000
• Short-term rentals not allowed (long-term strategies only)
Property Highlights:
• 3,050 sq. ft. | 5 Beds | 4 Baths | 3-Car Garage
• New Roof & AC Units (2022) – turnkey condition
• No flood zone – never flooded, even in major storms
• HOA: $125/month
• Community amenities: Pool, spa, gym, clubhouse, tennis & pickleball courts
Strategy Ideas:
• Rent long-term while you negotiate a loan mod or short sale
• Use as a lease-option or wraparound resale
• Buy the note later at a discount
• Partner with capital and scale
This is a creative investor deal—not retail, not conventional. You’re buying control of the paper, not just the property.
Let me know if you want photos or a call to walk through it.
Book an Expert
New investor? Start with Jorge.
Jorge Vazquez – CEO & Investment Strategist at Graystone. Let’s make your portfolio stronger, steadier, and more profitable.
Deals? Book with Cody.
Meet Cody Bergstrom, Your Expert in Finding Deals Let’s find an off-market deal that actually works for you.
Need financing? Book with Lisa.
Meet Lisa Kaye Price, the LendingGig Top ML Let’s figure out the smartest way to fund your next deal.
Looking for PM? Book with Jay
Jay Michalec – COO & Property Management Expert at Graystone. Let’s make your rentals easier, calmer, and more profitable.
