PHP Course

Course of Study

The course of study will be divided into 43 clock hours of core courses and 17 hours of elective topics for a total of 60 hours of formal education.

Appraisal: 2 hours – Includes formal appraisal methods (cost, income, & replacement), Pace instruction, how to compare properties, etc.

Contract Law:  3 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: 2 hours – Including enacting and actual use of, national, state, local, and personal business ethics statements, policies and practices

Fair Housing Law:  2 hours - Including federal, state, and local fair housing regulations

Finance:  6 hours – Including conventional financing, FHA/VA financing, owner financing of all types; comparing financing, offering financing.

Inspections:  2 hours – Including pre and post purchase inspections, and pre and post move-out inspections of properties held.

Insurance:  3 hours
Property: 1 hour - Including what type of property insurance is appropriate for   investment property; negotiating for the best rates, and renters insurance
Worker’s Compensation: 1 hour – Including when, why and for whom to carry worker’s compensation insurance

Liability: 1 hour – Including why and how much

Landlord Tenant Law:  2 hours - Including Landlord & tenants’ responsibilities, evictions etc.

Management:  4 hours - Including record keeping, dealing with tenants, maximizing cash flow, etc.

Marketing:  2 hours – Including how to market properties for sale and for rent; how to market buying services, etc.

Negotiation:  3 hours – Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc.

Purchasing:  2 hours – Including finding deals and calculating profitability

Rehab:  4 hours

Classroom: 2 hours – Including estimation, which projects will pay for themselves, etc.

Hands-on: 2 hours -Including actual hands-on opportunities and demonstrations

Regulations:  4 hours
EPA: 1 hour - Including regulations affecting real estate investment such as lead paint regulations, wetlands regulations, underground storage tank regulations,

Environmental Quality Zone regulations, etc
Federal: 1 hour – Including regulations affecting real estate investment other than tax laws, fair housing laws, and EPA regulations.
Local: 2 hours - Including zoning and building codes

Tax Law: 2 hours
Income: 1 hour - Including calculating and minimizing taxes, and tax laws as they affect the real estate investor
Other: 1 hour - Including property taxes, 1031 tax deferred trades, etc

The remaining 17 hours may include further education in any or all of the above topics, as selected by the National PHP candidate.