What does Samuel Morse, the inventor of the Telegraph, have in common with commercial real estate investing? Most of the time, it boils down to how well you can manage perseverance and keep your thoughts in focus.
Morse, an American inventor, is most recognised for creating the effective telegraph. Born in Charles Town, Massachusetts, Morse graduated from Yale in 1810. He took a trip to London where he studied under Benjamin West. He was imaginative and had a keen interest in electricity. Morse developed the idea for the telegraph while having supper at sea in 1832. His main interest in it swiftly shifted to it.
By 1835, he had constructed a telegraph wire in his apartment with success. After three years of extra effort, he felt safe enough to request support from Congress. He asked for money to build a telegraph line that was long enough to prove the concept was feasible. Congress opted not to. After then, years of disillusionment followed. Morse visited France and England but was unable to win support for the telegraph lentor modern.
In 1843, he asked Congress for help once more. Nothing had been done for many months. Morse went back to his house in despair. The next morning, he discovered that Congress had approved his bill in the waning moments of the session. The law was passed just before twelve o’clock. Morse received $30 000 to build a telegraph line linking Baltimore and Washington.
He concentrated on the way he would develop his line. It reached Baltimore from the US Supreme Court’s chamber. In front of a considerable audience of witnesses, Morse hammered out his namesake message, “What hath God wrought?” on May24, 1844. The telegraph’s undeniable success led to Morse’s instantaneous fame! Morse was honoured and decorated by both his own country and the fundamental principles of Europe. Four hundred thousand francs in cash were given to him by a collection of European countries.
The Morse code, a telegraph method, was also developed by Morse. This narrative is “just” in that it shows your perseverance in breaking into the field of commercial real estate investing. A single concept or an imagined image is the source of all ideas. According to Morse, it took Congress twelve years to reject the proposal. But he persisted and managed to finish the job. If you want to go into the commercial real estate sector, pick a specialised specialty (like apartment complexes) and stick with it.