We're already starting to see a softness in Cali with Chinese investors scaling back on the purchases. 

I was pretty worried the whole time that the buyer (backed by chinese capital) would walk for various reasons including obvious slowdown in townhouse new construction sales in the area and several resales competing with the new construction,  but in the end the transaction closed on time and with no drama.   

a while back in NYC and he had a few take-out food places (Chinese/Sandwich/Burgers) next door.

My family has done these for 30 years in the Chinese/Taiwanese community.

This is because of superstitions of many Chinese buyers.

So I said "you're right, but I advertised in the Chinese newspapers, did you check those?"

I mean, when you were born did you know whether you're going to like Chinese or sushi or a burger?

I think that's a Chinese proverb:)Most no income verification products are going to cost a few points (depending on the loan size), will have a fairly large underwriting fee from the lender and possibly a broker processing fee.  30 year fixed loans have a rate range from 5.5% to 7.99Hope that helps.Stephanie 

As an investor and contractor, my advice is never have your first house be mold, Chinese drywall or foundation issues.

Most of the Chinese investor do it this way and it is easy to do.