Join Vince as he chats with Dearonne Bethea about managing a hundred successful businesses. Dearonne is the founder and CEO of the Band of Brothers Investment Group. He also serves as the Director of Acquisitions and key principle at Tri-City Equity Group. So far, Dearonne has built a vast portfolio of 925 multifamily units and private equity deals due to the leadership and strategic, operational skills he learned in the military. He even founded a non-profit organization that holds community outreaches, offers internship opportunities for young adults that need a second chance, and provides housing for low-income families. Today, Dearonne also shares his journey, from joining the military, learning simple investing, and eventually branching out to alternative means to generate income. As always, there’s plenty to take away from today’s episode, so make sure to stay tuned and enjoy!
About Dearonne Bethea:
Dearonne Bethea is a corporate business owner, real estate investor, founder/CEO of Band of Brothers Investment Group, Acquisitions and Key Principal for Tri-City Equity Group, and a Chief Warrant Officer Three in the US Army. By applying the leadership, strategic, and operational skills he obtained in the military to his personal life, he has created a portfolio of 925 multifamily units and private equity deals, including hotels, senior assisted living, student housing, and fitness centers.
In 2016, Dearonne created the non-profit organization, “The Dearonne and Pamela Bethea” Foundation, which focuses on community outreach, entrepreneur internship opportunities for young adults that need a second chance, and housing for low-income families.
Outline of the episode:
● [01:27] Dearonne Bethea’s life growing up before serving in the military
● [03:54] Finding his first mentor and working under CSM Mike Sampson
● [08:24] Simple investing and learning how money makes money
● [12:17] Dearonne’s first property and how he got into real estate investing
● [17:49] Buying houses in low-income areas and giving back to his community
● [18:58] His time in Afghanistan and why he educated himself on starting a business
● [22:27] Creating the Band of Brothers and getting into franchising
● [24:43] The value of military experience in operating a branch of Anytime Fitness
● [26:21] Learning alternative investments and creating more income
● [29:24] How Vince’s story to real estate investing is similar to Dearonne’s
● [33:05] The influence of Grant Cardone’s The 10X Rule on Vince and Dearonne’s lives
● [39:26] What Dearonne learned from the biggest mistake he has made in his career
● [43:16] What advice would Dearonne Bethea give to his 20-year-old self
● [46:59] The best book he recommends, his superpower, and the biggest lesson he has ever learned
● [47:28] Dearonne’s advice for the busy working professional on achieving financial freedom
● [48:23] How to get in touch with Dearonne Bethea to learn more about him and his work
Resources:
● Website
● The 10X Rule by Grant Cardone
https://www.millionairesmindsetblueprint.com/
Connect with The Cashflow Project!
● Website
● Youtube
The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com