I am a partner in two different horses with two different outfits.
One I got into in 2002 and the second one I just got into in last December.
I will not be entering into any more with the first outfit as the only individuals that have a shot at making money is the general partner. It is a dreadful how much they mark up the horses that they are selling and then the cut they take on the winnings is pretty high also. At least this was not a real costly mistake the horse has done very well it will be interesting to see how the p-ship unfolds when the mare is done racing.
The second horse is also a partnership but it seems like there is a lot more visability into the finances of the partnership & the payout of purses. I am optomistic that this will be a better venture than the first. If it doesn't work out I may have to give up the ownership thing until I can afford to either claim a horse or consult with a trainer and buy a yearling.
Hopefully this second venture works out.
Good luck with what ever you decide to do.
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