Real Estate Notes

[Tyler Carpenter]

Are notes basically the same as rent to own? Correct if Im wrong because Im still a little lost in this area. If I buy a note from someone, this means I am buying the property from that person and they are basically owner financing the property to me?

Another question Im still a little hazy on are points. I hear people from time to time explaining that a purchase will cost them a few points. Can anyone explain both of these in a little bit of detail to help clarify any misunderstandings. Thanks