MB 207: Train Your Mind for Multifamily Investing – With Krista Wilper

Are you working a W-2 job that leaves you depleted? Even if you love what you do, it’s likely that the stress of the commute on top of the work itself means you have little left to give to your family at the end of the day, never mind making a significant impact on the world at large. Krista Wilper was tired of being too tired to engage with her husband and sons, so she leveraged multifamily investing to quit her corporate job. And she credits her success to a daily effort to keep her mind in the right place.

Krista is the creator of Synergy Invested LLC, a real estate education and investing platform based in Golden, Colorado. She retired from her executive position at an adult beverage company at the age of 38, walking away from a six-figure income to pursue real estate full time. Now, Krista and her husband own $2.2M in single and multifamily investments, and she is on a mission to help others achieve financial freedom and get control of their time and energy through real estate investing.

On this episode of Apartment Building Investing, Krista joins me to explain why she quit a job she loved to pursue real estate, sharing the series of conversations she had with her husband and what she loves most about not working a 9-to-5. She discusses why she took action when so many others don’t and explores why there are so few women in the world of multifamily. Listen in for Krista’s insight on the value of hiring a coach, getting the right support system in place, and training your mind for multifamily investing!

Key Takeaways

Why Krista made the decision to quit a job she loved

• Stress around being both mom AND executive
• No energy to discipline son caused tension with husband

What the conversation with Krista’s husband was like

• Planned on retiring in 5 years, counted on her income
• Doubted that she could get him out with real estate

Why Krista took action when so many others don’t

• Ability to push outside comfort zone + manage fear
• Surrounded self with encouraging people
• Kept returning to numbers when emotions came up
• Daily effort to keep mind in right place
• Something bigger than self to keep on track

What Krista loves most about not working a 9-to-5

• Energy to juggle responsibilities as mom
• Time to focus on helping other people

Krista’s primary real estate investing goals

1. Double net income
2. Allow husband to retire in 3 to 5 years

The first steps Krista took to reach her investing goals

• Hired a coach (helped think BIG)
• Eliminated naysayers from circle

Krista’s insight on overcoming both internal and external challenges

1. Find something bigger than yourself to chase
2. Train your mind (stop comparing, listening to excuses)
3. Understand your relationship with money + limiting beliefs
4. Take action even when you don’t know what you’re doing
5. Hire coaching
6. Come back to numbers

Krista’s take on why there aren’t more women in investing

• Brains operate differently (spaghetti vs. waffles)
• Ego in thought leader communication = turnoff for women

Krista’s advice for aspiring multifamily investors

1. Get coach
2. Get mind right
3. Get support group in place (includes partner and team)
4. GO

Connect with Krista Wilper

Krista on LinkedIn

Synergy Invested on Instagram

Synergy Invested on Facebook

Resources

You Are a Badass at Making Money: Master the Mindset of Wealth by Jen Sincero

The Real Estate Guys

Michael’s Mentoring Program

Deal Maker Live

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Michael on YouTube

Apartment Investor Network Facebook Group