Design Development 47: Solar Energy and CRE Development with Entrepreneur Brendan Gove
Brendan Gove is a successful real estate developer and entrepreneur. He founded Zero Point Development, a company focused on renewable energy and solar projects. He is also the co-founder of GoVenture, a real estate investment and development company. With a commitment to making the world a better, safer, more humane place, Gove founded Zero-Point Development in 2013 to deliver renewable power solutions and Goventure Capital Group in 2018 to find cost-effective ways to introduce renewable energy technologies to real estate investments.
Summary:
Brendan Gove, a real estate developer and entrepreneur, shares his journey and experiences in the renewable energy and real estate industries. He discusses the importance of the initial "sniff test" for project viability and the impact of rising interest rates on deal economics. Gove emphasizes the need to bring financial literacy into mainstream education and highlights the value of mentors and role models in his career. He also emphasizes the significance of building a solid team and staying committed to one's goals.
Key Takeaways:
- The "sniff test" of a 6% return on cost is an initial indicator of project viability.
- Rising interest rates have made securing financing for real estate projects more challenging.
- Financial literacy should be emphasized in mainstream education to empower individuals in making data-driven decisions.
- Mentors and role models are crucial in guiding and supporting career growth.
- Building a solid team and staying committed to one's goals are essential to entrepreneurial success.
Thank you so much for listening and thank you for joining the Design Development community. Don't forget to subscribe to hear about the latest episodes dropping every Wednesday. If this episode resonated with you, share it with a friend.
Our goal is to help people in the industry identify opportunities for growth by sharing the journey of top performers. There is no one path. Success isn't a straight line. There is something to learn from everyone's story. Let's go!
Leave your thoughts in the comment and reach out if you want to be valuable guest on the show!
Design Development Podcast!
Follow us on LinkedIn, Instagram & YouTube
Find out more at https://h-o.engineering/podcasts/