All Forum Posts by: Joshua Matthews

If you're like me, an ambitious entrepreneur with disposable income and a keen interest in generating long-term wealth, allow me to introduce you to the investment opportunities in Indianapolis. While other cities (Detroit, KC, St Louis, Ohio-cities), have their merits, Indianapolis offers distinct advantages that make it a superior choice for wealth creation.

Indianapolis is a thriving metropolis on the rise, with a vibrant downtown, appealing neighborhoods, and a rich cultural scene. The city attracts diverse residents who appreciate its high quality of life and the opportunities it presents. JOB creation is high, unemployment is low, Chicoagans are moving to Indy:

The city's strong economy, fueled by industries like technology, healthcare, finance, and manufacturing, creates a robust job market. This job growth drives rental demand, providing a steady cash flow for investors like you.

Indianapolis excels in the housing market, offering stability and affordability. Unlike volatile markets, the city's real estate values appreciate steadily, making it ideal for long-term investments. Whether you seek turnkey rental properties or properties with potential, Indianapolis provides a range of options to match your investment strategy.

As a knowledgeable real estate agent specializing in Indianapolis, I am here to provide guidance and assistance on your investment journey.

Hmu for details on any of the above facts. There will be two stories playing out by EOY 2027: 

1) Josh, you made me so rich. You're my favorite broker.

2) Josh, I should've listened to you back in 2023, and/or acted sooner. 

Are you bullish on Indy? What are your thoughts? Want a few active properties to analyze for yourself? 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $190,000
Cash invested: $265,000

Cash purchase, $30k off list price. 4 unit. $30k capex, $50k grounds and unit upgrades. Rent prices increased $250/mo/unit. Located in town center of mall college town with visiting professors.

What made you interested in investing in this type of deal?

Increase cap rate, air bnb partial units to visiting parents of college

How did you finance this deal?

All cash

How did you add value to the deal?

Acquired at discount due to deferred maintenance. Increased desirability of units (permanent showers and AC).

What was the outcome?

Increased rent payments

@Scott C Collins @Ernie Hogue and @Fed Finjap, I'm happy to take a 15-20 minute call to see if we're a good fit. Indianapolis is on the front end of a very steep trajectory and I'd be happy to give you that data. 

As the "crossroads of america" Indianapolis is leaning into growing our airport. The surrounding towns outside of indianapolis (ie Franklin, Shelybville, Lebanon, etc) have a tremendous amount of growth...this is driven by logistics and supply chain, utilizing the expanse highway network that intersect in Indy, thanks to post-pandemic demands for overnight shipping. 

Stay local. You'll do more good than you will create profit: eliminate headaches, increase your passive income, better accountability and therefore stronger reviews, maintain local culture, provide jobs. 

Holler at me. We can connect.

@Michael Davis I have a couple realtor friends in Louisville, DM me if you want me to connect! 

Let the open market decide for you...don't pigeon hole yourself to one single buyer, let alone the government. Unless you wanna continue working what's worked for you thus far, then continue to Buy and Hold. It's a good sign when the city wants to buy though ;) good work

Central Indiana is at the front end of a very steep trajectory. $15B of major projects have broken ground in the last couple months. Eli Lily (pharma), Elanco (spin off company from Eli Lily), IU Health Network, Purdue University, Indy Motor Speedway are all developing as we speak. I wonder where this market is headed ;) low unemployment+surge in job market, low cost of living, high rents, GDP +40%, median salary +21%. 

I can DM you more details and citations for the above. Lmk if you want to connect

I was born and raised in Indianapolis and left Indianapolis about five years ago for the bright promises of the East Coast. When I came back I was SHOCKED at the nooks and crannies that have been resurrected in this City. As I have observed and experienced, it's the underlying politics and economics of this city that make the current positioning and future trajectory of Indianapolis so strong

Indianapolis is showing 40% better GDP over the last decade; remarkably low unemployment; surge in tech; and our median household income (+21%) is improving at nearly double national average rate (+12%).

There has been $15B come into this city over the last five years. Rehabs, new construction, and improvements have been made across sectors:

1) Mayor Joe Hogsett announced in January $80M to Indianapolis parks. And $190M in facility upgrades
2) In Downtown the Mass Ave district has been revamped and would probably be unrecognizable to you today: converted Coca-Cola bottling plant to a beautiful Art Deco hotel, movie theatre, food hall, fine dining...that's just one block
3) IU Health (near Northside) announced in January a $4.3B expansion, making it the largest of its kind in the United States history
4) Elanco - a subset of pharmaceutical giant, Eli Lilly (also HQ here) - broke ground last summer on their project, which will employ 100k people, valued at $160M.

Indianapolis is no longer the sleepy "Nap Town" that you remember from the 90's.

I can DM you and give you the WHOLE schpeal haha. It's a lot. We're at the front end of a very steep trajectory.

Read these forums. Talk to these people. Learn every minute of your waking hours -- podcasts, audiobooks, talking to/becoming friends with realtors.

And apply...or else the above three steps are futile and useless.