Two sisters who inherited the property excitedly told me a Chinese buyer bought it and put $750K down.

My buddies experience with Chinese build quality has been horrible.

Bunch of whiners.  1/2 inch of ice and everyone thinks the Chinese balloons seeded Ice crystals over Texas

(My ex wife is from China, so one time, we decide that she wants me to go to China and I decided instead of working, I go to school and get my MBA) I can speak in Chinese.

Chinese investors are buying up properties and both residential deals and commercial deals are a bit over priced from my perspective. http://www.seattletimes.com/opinion/first-come-first-served-renting-will-hurt-landlords-renters/

If you are Chinese and have money there are limited investment opportunity's.  

The Finance Minister announced steps to curb the influx of foreign capital into the Canadian Real Estate Market  (in which he really meant TO and Vancouver ... down east we are not really suffering from the influx of foreign money ... sure we lost a 50-unit deal a couple of years ago to a Chinese investor, but the property was not worth what s/he paid, so we'll see it back on the market eventually).That said, Ottawa is only removing a loophole which has allowed foreigners to purchase a residence in Canada, claim it as their principal residence and then benefit from the personal residence {captial gains} tax exemption when they sell.  

@herman chen I was always under the impression only Chinese citizens are allowed to purchase residential real estate in mainland china, is that true?

My husband and I just started investing in Multi family, our goal is to acquire 2-3 properties in the next 12 months.Meanwhile, I know there are many Chinese investors and new immigrants buying US properties as primary residence or investment .

We have those hurricanes of 04 to thank for that wonderful fiasco of the "Chinese drywall".Companies, and subsequently people do not change course on a dime.