buying a horse?

[Danzig]

thanks for the info rude...but i'm suddenly depressed..

note to self:buy more lottery tix. bound to hit sooner or later.

[Cannon Shell]

You should probably buy a small share in a partnership and find out all you can before you jump in and buy your own. This way you get a little on the job training at a much lower cost.

[PSH]

We purchased each of our two horses for under $15,000 privately...
We purchased one in January 2006 and one in April 2006 as two year olds. If one is patient there always comes up a decent horse with an okay pedigree that someone is desperate to unload, and you can make what seems a reasonable purchase. Unfortunately, neither one has started yet... We have our horses with a trainer at West Virginia (Mountaineer) and at $45 per day.... One is about 30 days away from her first race and the other probably about 60 days away.

In our first year our total expenses for these two horses were just over $43,000 all in. INcluding purchasse price and everything else (training, vanning, medical, financial, licensing, etc), to give you an idea.

[Rudeboyelvis]

Originally Posted by Cannon Shell

You should probably buy a small share in a partnership and find out all you can before you jump in and buy your own. This way you get a little on the job training at a much lower cost.

This is great advice. I think the first thing to do is narrow your focus to exactly what you think you want to accomplish. The claiming game offers almost immediate gratification with regard to time invested to first race. If you've got the bankroll to float 8-10 months of expenses, the 2yo sales are a nice option. 16+ months? lot of value at the yearling sales. Also helps to have someone on the backside that talks with trainers as they occasionally have owners that need to sell for whatever reason and a good deal can be made priavtely. Are you looking to run in state bred company? Filly or Colt? Examine the pros and cons of each..

Once you have a game plan, seek out partnerships that fits with your business model. Do an exhausting amount of reasearch on each opportunity and ask questions. They're are some great partnership stables out there and some crooked ones (not that they're intrinsically corrupt, just that they no nothing of what they're doing and can cause you and the horse alot of unnecessary distress).

[Cannon Shell]

Originally Posted by Rudeboyelvis

Once you have a game plan, seek out partnerships that fits with your business model. Do an exhausting amount of reasearch on each opportunity and ask questions. They're are some great partnership stables out there and some crooked ones (not that they're intrinsically corrupt, just that they no nothing of what they're doing and can cause you and the horse alot of unnecessary distress).

I neglected to say something like this and rudeboy is right on the mark about doing your homework.

[Danzig]

Originally Posted by Cannon Shell

You should probably buy a small share in a partnership and find out all you can before you jump in and buy your own. This way you get a little on the job training at a much lower cost.

that's what i'm looking at doing a few years down the road-and of course making sure to get into a properly run partnership!