Core Items
Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc.
Including basic contract law; using contracts and clauses to protect yourself, developing contracts such as leases, options, purchase contracts, etc. for the real estate investment business
Including enacting and actual use of national, state, local, and personal business ethics statements, policies and practices
Including federal, state and local fair housing regulations
Including conventional financing, FHA/VA financing, owner financing of all types; comparing financing, offering financing
Including pre- and post- purchase inspections and pre- and post- move-out inspections of properties held.
Including why and how much
Including what type of property insurance is appropriate for investment property; negotiating for the best rates and renter's insurance
Insurance - Worker's Compensation
Including when, how and for whom to carry worker's compensation insurance
Including record keeping; dealing with tenants; maximizing cash flow; and others
Including how to market properties for sale and for rent; how to market buying services
Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc.
Including finding deals and calculating profitability
Including regulations affecting real estate investment such as lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.
Including zoning and building codes.
Including estimation, which projects will pay for themselves, etc.
Including actual hands-on opportunities and demonstrations
Including calculating and minimizing taxes, and tax laws as they affect the real estate investor
Including property taxes, 1031 tax deferred trades, etc.
Including landlords' and tenants' responsibilities, evictions, etc.
Elective Items
Affordable Housing related topics.
Creating or modifying a plan to build and grow a business for financial gain. Goal setting, Key Performance Indicators, and planning for profit.
Elective
Exit Strategies
The remaining 18 hours may include further education in any or all of the above
topics, as selected by the National PHP candidate.
Continuing education to maintain National
PHP designation
Once the National PHP designation has been obtained, designees must complete 20
hours of continuing education every two years in order to maintain the designation.
These hours are elective and may be used by the designee to continue his or her
education as he sees fit.
Goals for National REIA
The National Real Estate Investor’s Association is dedicated to making this program
a success. It is understood by the committee that the program will evolve as time
goes on, and that time will pass before the local groups, their members, and the
public at large recognize the value of this education. National REIA believes that
the concept of creating well-educated investors is important in the fight to make
our industry a respected one. We also believe that the ability to present our members
as dedicated, educated professionals will aid in the political action to which we
are dedicated. While this education is already the mission of the local associations,
we hope that a nationwide designation will further this goal by making legislators,
regulators, and the public at large recognize that we are not simply “landlords”,
but informed business persons who make an ongoing contribution to our communities.