Geonet Properties Anmeldelser 

Same thing.. great sales pitch.. but the reality is fractional investing appears to be dangerous, the numbers dont add up.. 9 investors in a penthouse.equals 1 to 2 percent returns..after operating costs
To achieve their 10 15 percent returns. The number's they need to generate that are very huge.. almost impossible.
Then they blame the oversupply in the area... then they blame the developers..
Then they say their parted ways with the devleoper.. so geonet are just the sales team..they can wipe their hands clean of any undoing..
And why would they want to resell our investment share.. when they have other devopements to sell with high commissions..
And how does one go about selling a fractional investment only returning 1_ 2 percent.. when every add is spruiking 10% plus returns..
That money invested is literally wasting away.

It been 12mths since investment - Still 2% return

My husband and I invested in a 10% fractional share in a 3-bedroom villa at The Luc Bali after being advised during the sales process that the expected annual return would be around 8–15%.
To make this investment we even set up a managed super fund, which involved significant time, administration and costs so we could use our superannuation.
After the first year, the actual return was less than 2%, which did not even cover the initial costs we incurred.
At the beginning of this year we contacted the company requesting assistance to sell our share and exit the investment, however since then we have not been given clear guidance on how the share can be sold or what the exit process is.
The communication was excellent while the investment was being sold to us, but once we asked to exit, the clarity and responsiveness have been very disappointing.
We hope the company will provide a clear exit strategy and support to sell our share. If this is resolved and we are able to recover our funds, we will update this review accordingly so other investors are aware of the outcome.