This headline came pretty timely after I spoke with @Ryan O'Callaghan regarding chattel paper. He's thinking of a strategy is similar to this (paraphrasing): Ryan's team buys mobile homes for $4–6K, puts ~$10K into renovations, and instead of just flipping them, seller-finances the sale to create a note. They then either borrow against that note immediately (hypothecation) to pull equity out fast, or hold it for 12–24 months and sell it once it has a clean payment history. The big-picture play is partnering with mobile home park owners to scale this into a repeatable model, renovate, seller-finance, monetize the note. As note investors, do you think there's opportunity in the manufactured home note space in the coming years? https://www.nationalmortgagenews.com/news/manufactured-homes-market-set-to-hit-42-7-billion-by-2031?utm_campaign=NL_NMN_Origination_Bulletin_05042026&position=1&utm_source=newsletter&utm_medium=email&campaignname=NL_NMN_Origination_Bulletin_05042026&oly_enc_id=7998C3329067D2B

What are peoples opinion on doing hypothecations versus selling the note? Does it make sense or is it better to just sell the note?

Pleasure to meet everyone here and looking forward to learning more from everyone! My name is Ryan, and my business partner and I specialize in wholesaling, flipping, and seller financing mobile homes. I am just curious, what returns would someone be looking for to purchase a 1st position manufactured home note? Let me know if you have any questions!