More than $8 billion is being poured into downtown Indianapolis right now. It's the largest building boom in the city's history, and the Indy your grandma knew is about to look very different.
Tyler Lingle starts with why Indianapolis is growing so fast, and why now. Eli Lilly anchors a strong local economy. Bank of America ranked Indianapolis the fastest growing metro in the nation in 2023. And the city is known for low red tape, so developers can actually get projects built here.
Then he walks through six projects changing the skyline: luxury hotels, new music venues, and a state-of-the-art Indiana Fever Performance Center.
The takeaway is simple. Investors should buy in the path of growth, like Fountain Square and the near west side, before prices move. And if you want a $200K starter home or a $400K move-up home, Tyler thinks that window closes in the next 2 to 3 years.
RESOURCES
If that 2 to 3 year window has you thinking about your own next move, start here:
Free Buyer's Guide (Indianapolis, PDF)
https://www.rootsrealty.co/resources/buyers/indianapolis-home-buyer-guide?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep67&utm_content=buyer_guide
Free Investor's Guide (house hacks, BRRRR, rentals, 1031s)
https://www.rootsrealty.co/resources/investors/indianapolis-real-estate-investor-guide?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep67&utm_content=investor_guide
Book a 30-minute call with Roots
https://calendly.com/maxrealestate/30-min-info-call-roots-co-clone?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep67&utm_content=book_call
Get the Roots newsletter
https://www.rootsrealty.co/newsletter?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep67&utm_content=newsletter
SPONSORS
Jackson Blevins at Core Insurance Solutions: https://coreinsurancesolns.com/
Phil Nelson at Best Flooring: https://www.bestflooring.com/
Renato Lima at Approved Mortgage: https://apply.approvedmortgage.com/homehub/signup/rlima@approvedmortgage.com
Disclaimer:
This video is for educational and informational purposes only. Nothing in this video should be construed as legal, tax, or financial advice. Always consult with licensed professionals before making any real estate investment decisions.
TIMESTAMPS
0:00 - Intro
0:28 - Why Indianapolis is BOOMING
2:22 - Our Sponsor: Core Insurance Solutions
2:49 - #1: Signia by Hilton
3:54 - #2: Traction Yards
4:58 - Our Sponsor: Best Flooring
5:25 - #3: Ritz-Carlton Hotel
6:11 - #4: Fever Sports Performance Center
6:47 - #5: Cole Motor Apartments
7:16 - Our Sponsor: Approved Mortgage
7:36 - #6: Airport Westin Hotel
8:52 - What Does this Mean for Investors/Homeowners?