Professional Housing Provider

What is a National Professional Housing Provider?
The National PHP designation is a nationwide education-based certification program designed to recognize the high level of knowledge and professionalism among the designation holders. It is sponsored and overseen by the National Real Estate Investor’s Association.

Why obtain the National PHP designation?
Only persons completing the educational requirements will be permitted to hold themselves out to the public as a Professional Housing Provider. The designee will be recognized in the form of an award certificate,pin and the right to use the designation. He or she should recognize that having a basic education in the topics outlined below will increase his or her ability to reach his goals in real estate investment. In addition, National REIA and the PHP program raise the investors level of professionalism and status in the eyes of the public and government. It also aids in encouraging legislators to think of educated investors as a larger group for political action. Other tangible benefits, including discounts on courses and educational materials, will be available as the number of graduates grows.

How will I obtain these hours?
These hours may be obtained through local association meetings and seminars or through courses taught outside of the local groups. All outside courses and seminars must meet the following requirements: they must be taught live or online; they must be pre-approved by the National PHP committee; and they must provide a certificate of attendance acceptable to the National PHP committee.

Course of Study
The course of study will be divided into 42 clock hours of core courses and 18 hours of elective topics for a total of 60 hours of formal education. The core topics are as follows:

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Core Items


Appraisal

2.00  Hours

Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc.
Contract Law

3.00  Hours

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
Ethics

1.00  Hours

Including enacting and actual use of national, state, local, and personal business ethics statements, policies and practices
Fair housing Law

2.00  Hours

Including federal, state and local fair housing regulations
Finance

6.00  Hours

Including conventional financing, FHA/VA financing, owner financing of all types; comparing financing, offering financing
Inspections

2.00  Hours

Including pre- and post- purchase inspections and pre- and post- move-out inspections of properties held.
Insurance - Liability

1.00  Hours

Including why and how much
Insurance - Property

1.00  Hours

Including what type of property insurance is appropriate for investment property; negotiating for the best rates and renter's insurance
Insurance - Worker's Compensation

1.00  Hours

Including when, how and for whom to carry worker's compensation insurance
Management

4.00  Hours

Including record keeping; dealing with tenants; maximizing cash flow; and others
Marketing

2.00  Hours

Including how to market properties for sale and for rent; how to market buying services
Negotiation

3.00  Hours

Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc.
Purchasing

2.00  Hours

Including finding deals and calculating profitability
Regulations - EPA

1.00  Hours

Including regulations affecting real estate investment such as lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.
Regulations - Federal

1.00  Hours

Including regulations affecting real estate investment such as lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.
Regulations - Local

2.00  Hours

Including zoning and building codes.
Rehab - Classroom

2.00  Hours

Including estimation, which projects will pay for themselves, etc.
Rehab - Hands-on

2.00  Hours

Including actual hands-on opportunities and demonstrations
Tax Law - Income

1.00  Hours

Including calculating and minimizing taxes, and tax laws as they affect the real estate investor
Tax Law - Other

1.00  Hours

Including property taxes, 1031 tax deferred trades, etc.
Tenant-landlord Law

2.00  Hours

Including landlords' and tenants' responsibilities, evictions, etc.

Elective Items


Apartment House Investing

1.00  Hours

1 Credit hour on finding, figuring, funding and finishing an apartment house investment.
Constructing Offers

2.00  Hours

Working Numbers, constructing offers, and negotiating.
Creative Real Estate Investing

1.00  Hours

Creative Buying and Selling Strategies including Subject to, lease option and seller finance.
Deal Evaluation & Finance

13.00  Hours

Deal Evaluation and Construction with the Wealthy Code
Elective: Tax Sale Investing

2.00  Hours

Tax Sale Investing
General Real Estate Elective

1.00  Hours

For meetings that are all Real Estate Education, but no specific topic - we assign General Elective
Larry Harbolt's Ultimate Fast Track

4.00  Hours

MAREI members who attend the full day event receive 1 Credit Purchasing, 1 Credit Negotiations and 4 Credits Elective.
Self Directed IRA

1.00  Hours

Self Directed IRA Strategies
Self Directed IRA

5.00  Hours

How to Utilize Self Directed IRAs
Seminar -Multi Family Investing

6.00  Hours

Seminar - Multi Family Investing
Title: Clean and Clear Title

1.00  Hours

Common Title and Seller Issues that the title company can assist you with uncovering and or resolving.
Understanding Credit and Mortgages

1.00  Hours

Understanding Credit and Mortgages
Vacation Rentals

1.00  Hours

The ins and outs of vacation rentals.
Wealthy Code - Deal Eval & Structure

4.00  Hours

Sunday Portion of Wealthy Code
Wealthy Code - Deal Eval & Structure

9.00  Hours

Wealthy Code - Saturday Portion
Wholesaling

2.00  Hours

The rules and regulations on how wholesaling works.

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.