Next Meetup

Meet us at the Belleville Home Depot Training Room
Topic: Santa's Elvin Ethics Location: The Training Room at the Home Depot in Belleville Come Early and network. The Illinois Real Estate Investors Association, Inc. (Illinois REIA) offers Real Estate Investor Training under the Professional Housing Provider designation established by the National Real Estate Investors Association. This training is valuable to both new and experienced real estate investors and is offered in Marion, IL on the second Tuesday of each month. This is a 36 month educational cycle leading towards the student receiving the “Professional Housing Provider” (PHP) designation. Students will participate in a combination of classroom participation and online courses totaling 62 hours of training. All classes are provided under the guidance and outlines set forth by the National Real Estate Investors Association, Inc. (National REIA) National REIA confers the PHP designation to students all across the United States. Students can attend the Mid Year Leadership Conference and recieve their designation on the national stage or at their local association. Members of the Illinois REIA can attend the monthly classroom training at no charge. Guests may attend the classroom training for $10.00 per class to see if it is what they are interested in. Only members of Illinois REIA a Chapter with National REIA can earn the PHP designation. Membership in Illinois REIA is $100.00 per year per person and can be paid annually or monthly. 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 on business cards, web sites and other public domains. 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: 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 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.

The Home Depot

5501 Belleville Crossing Road · Belleville, IL

What we're about

As a Chapter of National REIA we are here to develop, support and promote local real estate investors while serving the interests of the real estate investment industry through networking, education, support, leadership on legislative issues, and promoting professionalism and standards of excellence in our industry. Promote - Protect and Educate.

We are a network of real estate investors who voluntarily place ourselves under the guidelines and Ethical Standards set forth by the National Real Estate Investors Association.

It is our intent to provide educational and Networking opportunities for contractors, property managers, landlords, rehabbers, flippers and all the rest.

Guest Fee: $10.00 per meeting.

Single Annual Membership is $100.00 and includes one primary member.

Double Annual Membership $150.00 includes one primary member and their spouse or significant other.

Payment: Cash or Check at meetings. Cash or check at our office. Debit or credit card on our website at www.ilreia.com (http://www.ilreia.com/)

Members (42)

Photos (8)

Find us also at