Is it OK To let your Bank pay your Real Estate Taxes and Insurance?

Real Estate, Real Estate & Taxes
Hi Everyone, welcome to Mentorship Monday! This a program from The DeRosa Group. We are committed to real estate investing and eduction. You can learn more about us at and about our new exciting program called DeRosa Insiders at

Mentorship Monday works like this. You email your questions to, and we will answer them right here on the YouTube channel for you and everyone else to learn from.

Today’s question comes from Todd. Thanks for your question! Here’s his question in his own words:

Hey Matt!
Your channel is awesome! Thank you for doing the mentorship videos on

I bought an out of state duplex because prices in my area are way too
high. My plan is to double my portfolio of “buy and hold” properties
every couple years depending on the market. My question is, should I
opt for an impound account from my lender when I buy rental properties?

I know you preach LLCs when buying rental properties but I feel like I
need a more step by step guide to LLCs, especially for the tax
implications of forming an LLC!

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As always, please email us any real estate questions to and we will answer them on an upcoming episode!

Mentorship Monday for Real Estate Investors

Raising Private Capital for Your Real Estate Deals

Buy and Hold Real Estate Investing


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