goro.id Reviews

The website goro.id claims to offer a platform for investing in rental properties in Indonesia. It promotes the opportunity to earn up to 10% per year by purchasing property tokens starting from IDR 10,000. However, several aspects of the website raise red flags:

1. Lack of Detailed Information: The website provides limited information about the properties, their locations, and the legal framework for property ownership. This lack of transparency is concerning, as it's essential for investors to have a clear understanding of the assets they are investing in.

2. Unrealistic Promises: The promise of earning up to 10% per year with low effort and high returns is highly unrealistic, especially in the real estate market. Real estate investments are subject to market fluctuations, property management costs, and other risks that can affect the actual returns.

3. Fractional Ownership Model: The concept of buying fractional tokens of properties is not uncommon in real estate crowdfunding platforms. However, it's crucial to thoroughly understand the legal and financial implications of such ownership structures, which the website does not adequately explain.

4. Testimonials and Guarantees: The website features testimonials from individuals claiming impressive returns and a hassle-free experience. Testimonials can be easily fabricated, and the absence of verifiable, independent reviews is a red flag. Additionally, the guarantee of impressive returns is unrealistic and should be approached with skepticism.

5. Lack of Regulatory Information: The website does not provide clear information about its regulatory status, licensing, or compliance with financial regulations in Indonesia. This is crucial for any platform offering investment opportunities, especially in the real estate sector.

6. Overemphasis on Passive Income: While real estate can generate passive income through rental yields, the website's heavy emphasis on this aspect, without adequately addressing the risks and costs involved in property management, is misleading.

7. Limited Market Access: The claim of providing access to markets with the highest returns, even if they are far from the investor's location, needs to be substantiated with detailed information about the specific markets and their performance.

8. Lack of Detailed Risk Disclosure: Real estate investments, especially in emerging markets, carry significant risks related to property value fluctuations, regulatory changes, and economic conditions. The website should provide comprehensive risk disclosure, which appears to be lacking.

9. High Recovery Value Claim: The assertion that property is a tangible store of wealth with a very high recovery value is an oversimplification. While property can be a valuable asset, its liquidity and actual recovery value can vary significantly.

10. Limited Contact Information: The website provides only an email address and a WhatsApp number for contact. Legitimate investment platforms typically offer more robust customer support and multiple channels of communication.

Given these concerns, it is advisable to approach the goro.id website with caution and conduct thorough due diligence before considering any investment. It's essential to seek independent financial and legal advice, especially when dealing with international real estate investments."

the reasons behind this review :
Lack of Detailed Information, Unrealistic Promises, Fractional Ownership Model, Testimonials and Guarantees, Lack of Regulatory Information, Overemphasis on Passive Income, Limited Market Access, Lack of Detailed Risk Disclosure, High Recovery Value Claim, Limited Contact Information