All Forum Posts by: KING SHUN CHIK

@Sarah Lam Texted Jay yesterday morning about the bounced check, he did take care of it and wired the money to me afterwards. After all these months, I finally got my money back. Jay also wanted me to say something nice to the world(I guess he meant this site) that he took care of my payment. Originally, I was going to at least say something nice like appreciating him for going to the bank and wiring the money, But on second thought, this is the money that ABC owed me for months, why would I be so nice? Just because I received it, and I should thank him for it? I don't know how many people out there still have not received their money that they are supposed to receive. So in this case, I would stay neutral, and leave the facts to speak for themselves.

@Jay Hinrichs What makes you think I am a foreign investor? Just because my name is Asian does not mean I am a foreign investor. I am a US (Greatest country in the world) investor. There are hundreds of thousands of Asians living in NYC. Come over to NYC, it would make you feel like a minority. At least in NYC, nobody would treat you like a foreigner just because your name is foreign. 

In regards to why check needed to be written and sent in a world of of modern technology these days, that would be a question to Jay himself. I texted Jay this morning about the bounced check, he did take care of it and wired the money to me this morning. After all these months, I finally got my money back. Jay also wanted me to say something nice to the world that he took care of my payment. Originally, I was going to at least say something nice like appreciating him for going to the bank and wiring the money, But on second thought, this is the money that ABC owed me for months, why would I be so nice? Just because I received it, and I should thank him for it? I don't know how many people out there still have not received their money that they are supposed to receive. So in this case, I would stay neutral, and leave the facts to speak for themselves.

@Jay Hinrichs I don't know how much you have invested with ABC, and I don't really care. To be a successful business, I always believe it should treat everybody equal and fair, and of course with honesty. You are happy with ABC does not mean other people should have your same experience. Please be more considerate to other investors. If you had to go through all we had to with ABC, you would not feel the same. Nothing personal, just want everybody remember be informed on this forum.

Again, I am an American and PROUD to be one too!!

Terrible experience with ABC keeps going on.................

After posting my experience with ABC Capital ten days ago. Jay became responsive all of a sudden. Since then, I received my final payment but NOT the Feb rent. The first check ABC spelled my last name wrong so they had to reissue the check. However, I am still waiting for my Feb rent, and it was not sent with the final payment, reason from ABC being rental payment needs to be ACH since it is from another ABC account. I do not see the reason being valid. It should have been sent with the check I received. Again texted with my account info. but no response. It looks like it is happening all over again. Texts get ignored again. No Feb rent.

This morning I checked my account, the final payment check BOUNCED! Unbelievable! Texted Jay but again, and of course no response. 

Jay, What is going on? When would I get my money back??

Terrible experience with ABC keeps going on.................

After posting my experience with ABC Capital ten days ago. Jay became responsive all of a sudden. Since then, I received my final payment but NOT the Feb rent. The first check ABC spelled my last name wrong so they had to reissue the check. However, I am still waiting for my Feb rent, and it was not sent with the final payment, reason from ABC being rental payment needs to be ACH since it is from another ABC account. I do not see the reason being valid. It should have been sent with the check I received. Again texted with my account info. but no response. It looks like it is happening all over again. Texts get ignored again. No Feb rent.

This morning I checked my account, the final payment check BOUNCED! Unbelievable! Texted Jay but again, and of course no response.

Jay, What is going on? When would I get my money back??

Here is my experience with ABC Capital. I purchased a 3 unit property from ABC two years ago and had ABC managed it. Everything was going somewhat smoothly until the end of last year. Discovered rental income dropped due to one of the tenants moved out. Wasn't even notified by anyone from Jay's office. In February this year received a water bill from Philadelphia Water Bureau, got hit will a bill of $2,100. Finally talked to Jay on the phone. This was the answer that I got from him, "if there was no water meter, we could not pay the bill." So basically Jay sold me a property with no water meter installed.

Communication with ABC office was a nightmare, calls were never returned and emails were ignored. So enough is enough, when patience runs out, it is time to move on. Decided to switch property manager at the end of March, and asked for the final payment from ABC with all the security deposits that they were holding from my tenants and some miscellaneous fees that were paid, also including February rental income that was never deposited into my bank account. The total final payment is close to $11,000. Since April, I had been given runarounds. Finally got in touch with one of the mangers Peter Brooks, was told that Jay was the only one that could authorize payments. Texted Jay numerous times, also got ignored many times. was told that check was sent to old address but I had mail forwarded to new address but never received any mail from ABC. Even mail was delivered to old address, calls to the people who bought and living in my old house mentioned no mail at all. So I provided new address to Jay on May 22nd and was told that the check was mailed on June 4th. Please note that mail from Philly to NYC does not take more than a week. Today it has been two weeks. Every time I asked Jay when I would receive my check, this was the answer given, "do you want me to stop payment and resend?" How many times you want to stop payments and resend, Jay? I wonder if checks were ever even issued, not to mention actually got sent.

Just last week when my new property manager was trying to renew my rental licenses for my property. They found out that my three-unit property was zoned as two units only. Then my question to Jay is how come I was charged for three licenses in the past two years for a two unit. How come nobody from your office ever told me my property was zoned as a two unit one? Jay, at this point, I am not interested in finding who dropped the ball or who was responsible for all the foul ups, I just want my final payment from you. So please pay up! 

Here is my experience with ABC Capital. I purchased a 3 unit property from ABC two years ago and had ABC managed it. Everything was going somewhat smoothly until the end of last year.  Discovered rental income dropped due to one of the tenants moved out. Wasn't even notified by anyone from Jay's office. In February this year received a water bill from Philadelphia Water Bureau, got hit will a bill of $2,100. Finally talked to Jay on the phone. This was the answer that I got from him, "if there was no water meter, we could not pay the bill." So basically Jay sold me a property with no water meter installed.

Communication with ABC office was a nightmare, calls were never returned and emails were ignored. So enough is enough, when patience runs out, it is time to move on.  Decided to switch property manager at the end of March, and asked for the final payment from ABC with all the security deposits that they were holding from my tenants  and some  miscellaneous fees that were paid, also including February rental income that was never deposited into my bank account. The total final payment is close to $11,000. Since April, I had been given runarounds. Finally got in touch with one of the mangers Peter Brooks, was told that Jay was the only one that could authorize payments. Texted Jay numerous times, also got ignored many times. was told that check was sent to old address but I had mail forwarded to new address but never received any mail from ABC. Even mail was delivered to old address, calls to the people who bought and living in my old house mentioned no mail at all.  So I provided new address to Jay on May 22nd and was told that the check was mailed on June 4th. Please note that mail from Philly to NYC  does not take more than a week. Today it has been two weeks. Every time I asked Jay when I would receive my check, this was the answer given, "do you want me to stop payment and resend?" How many times you want to stop payments and resend, Jay? I wonder if checks were ever even issued, not to mention actually got sent.

Just last week when my new property manager was trying to renew my rental licenses for my property. They found out that my three-unit property was zoned as two units only. Then my question to Jay is how come I was charged for three licenses in the past two years for a two unit. How come nobody from your office ever told me my property was zoned as a two unit one? Jay, at this point, I am not interested in finding who dropped the ball or who was responsible for all the foul ups, I just want my final payment from you. So please pay up!