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.
Contact our Team of Experts!
Meet Cody Bergstrom, Your Expert in Finding Deals
Meet Lisa Kaye Price, the LendingGig Top ML
Jay Michalec – COO & Property Management Expert at Graystone.
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