Hello,
My husband and I are purchasing an apartment in Las Terrenas - closing is scheduled for next Tuesday when we're down in DR again. The apartment will be a rental property so we need a local bank account for the property manager to use to deposit the rent he collects.
My question...can I take a cashiers check from my US bank and use that as the opening deposit? I don't need access to the money right away, so I'd be fine if they held the funds for some short period of time. This is an investment through a retirement account, so we have to have very clear paper trails to account for every dollar in the account, so a cashiers check would make it easier.
Thanks!
Denise