owning a race horse

[disappearingdan_akaplaya]

hi videogirl. well 1 way of getting involved in ownership in the sport is through a partnership. they have 1 here in chicago called get in the picture stable run by trainer mike campbell. basically its 5k for a share but you pay no bills throughout the year and get all the perks of being a owner, you also own a piece of several racehorses. at the end of each year the partnership is broken up and money is divided up and you can rejoin the next year if you want. this is a very good way and a inexpensive one to get involved. im a owner by myself of a active racehorse and have been for the past year and a half and with the day rate you pay the trainer each month and vet and possibly shipping costs it gets very expensive financially doing it all on your own especially if your horse isnt winning races LOL. the only problem with a partnership like the 1 i mentioned for me atleast is you dont get to be that hands on, they pick the horses, they pick the jockeys etc etc etc, thats just not for me personally but its a tremendous and about as inexpensive way as youre gonna get to get involved in owning in this game

[SCUDSBROTHER]

Originally Posted by disappearingdan_akaplaya

hi videogirl. well 1 way of getting involved in ownership in the sport is through a partnership. they have 1 here in chicago called get in the picture stable run by trainer mike campbell. basically its 5k for a share but you pay no bills throughout the year and get all the perks of being a owner, you also own a piece of several racehorses. at the end of each year the partnership is broken up and money is divided up and you can rejoin the next year if you want. this is a very good way and a inexpensive one to get involved. im a owner by myself of a active racehorse and have been for the past year and a half and with the day rate you pay the trainer each month and vet and possibly shipping costs it gets very expensive financially doing it all on your own especially if your horse isnt winning races LOL. the only problem with a partnership like the 1 i mentioned for me atleast is you dont get to be that hands on, they pick the horses, they pick the jockeys etc etc etc, thats just not for me personally but its a tremendous and about as inexpensive way as youre gonna get to get involved in owning in this game

These Partnerships sound like your paying for somebody else to own a horse.

[videogirl10]

thanks for your help

[Thoroughbred Fan]

The cheapest way to own your own horse is probably to claim a cheaper horse. Not sure where you are, but claiming prices can get pretty low($2500). Beware damaged goods. Many cheaper claimers either have talent and are not sound, or lack talent but are sound. Have a trainer help you select a claimer.

You would need to ask around in your area about finding a good up-and-coming trainer to get a good day rate. Day rates are widely variable ($25 - $140), but younger less established trainers will be cheaper. All sorts of deals exist on the track. You might even be able to find a trainer willing to go in with you.

Partnerships are a good way to go because the expenses run about $35K a year. I deal with younger horses but try getting in a partnership like Karakoroum (cheap) or if you have more money go with West Point. In my opinion the best out there is Cot Campbells Dogwood.

[slotdirt]

Dogwood's probably the best, but you also have to pony up like $25k to start. Not everybody who wants to get into ownership has that kind of cash.

Where are you located, videogirl?

I paid $2500 for 10% in a horse last year. Just make sure you get to know the trainer who is running the partnership. I invest in Jeff Greenhill at Turfway. He is a good man and I really like being invested in his partnership. The $2500 got me 10% but you can purchase more shares. It is perfect for me because I dont have the time or knowledge to be hands on, but I enjoy the perks of being an owner. So far, I have made back almost all of my original investment. If my horse gets claimed for $15k like we are hoping then I will make a couple of grand. But you dont own a horse to make money, you own won to stand and watch your horse grow, enter the gate and cross the finish line. That first win is so unreal.

Originally Posted by slotdirt

Dogwood's probably the best, but you also have to pony up like $25k to start. Not everybody who wants to get into ownership has that kind of cash.

Where are you located, videogirl?

Usually more than 25K but his horses are almost always real runners. Tack on another 12K a year for expenses too. Cheap horses are nice to buy but be prepared to find out where they end up when their careers are over.