Starting in the business

fmc123412 · #1 07-17-2006, 10:03 AM

People,

I am planning to start in the horse business as an owner.

Firstly as a small owner, but later...if everything goes well...i intend to expand the business. My idea is to reinvest all the money it eventually returns...

Do you know what book can help me??

I found Make Money With Horses (by Don Blazer and Meribah Small)

I would appreciate any alternatives!

Thank you!

dellinger63 · #2 07-17-2006, 10:23 AM

Man I wouldn't go it alone at least not at the start. Find a partner that has already been in the business or a trainer that is willing to invest as they will teach you much more than any book can.
I've also heard from many owners that horseracing is a hobby and not a way to riches. All of the ones I know have seperate businesses that finance their hobby.
In Chicago our leading owner the last 3 years running has reported a net LOSS each year and 2 back he reported losses in excess of $1 million.
Now breeding and pinhooking are a different story.
Good Luck

#3 07-17-2006, 10:27 AM

First find a trainer that you trust and have a decent impression of after meeting him.
Clearly outline your objectives to the trainer!!! If you aren't on the same page and don't have an understanding of what you are trying to accomplish then it will not work.
Good luck.

#4 07-17-2006, 10:41 AM

This is the book we give out to potential investors that are new to the game. Send me a personal message and I will see if I can mail you one.

http://www.amazon.com/gp/product/158...lance&n=283155

fmc123412 · #5 07-17-2006, 11:39 AM

Quote:

Originally Posted by oracle80

First find a trainer that you trust and have a decent impression of after meeting him.
Clearly outline your objectives to the trainer!!! If you aren't on the same page and don't have an understanding of what you are trying to accomplish then it will not work.
Good luck.

Thank you!

I will talk with some trainers I know!

BellaGena Stable · #6 07-17-2006, 01:22 PM

I would recommend considering a partnership. I know that JJ Graci from "At the Races and Beyond" currently has a partnership in place that lasts till October 1st at Calder. This partnership is called Post Time Racing(posttimeracingpartnerships.com) and is a 4 month partnership. This partnership is a one time investment and gave you a share in the proceeds of 3 horses without any additional funding. This is a great way to get into the business and a great way to meet other potential investers that may want to team up and do their own thing. I would also read up on some of the websites that are very informative. Toba.org, thejockeyclub.com,

fmc123412 · #7 07-17-2006, 01:38 PM

Quote:

Originally Posted by BellaGena Stable

I would recommend considering a partnership. I know that JJ Graci from "At the Races and Beyond" currently has a partnership in place that lasts till October 1st at Calder. This partnership is called Post Time Racing(posttimeracingpartnerships.com) and is a 4 month partnership. This partnership is a one time investment and gave you a share in the proceeds of 3 horses without any additional funding. This is a great way to get into the business and a great way to meet other potential investers that may want to team up and do their own thing. I would also read up on some of the websites that are very informative. Toba.org, thejockeyclub.com,

My problem with partnerships is that i am not an US citizen. I am from Brazil...there are not structured partnerships here.

Thank you for the informative websites!

fmc123412 · #8 07-17-2006, 11:38 AM

Quote:

Originally Posted by dellinger63

Man I wouldn't go it alone at least not at the start. Find a partner that has already been in the business or a trainer that is willing to invest as they will teach you much more than any book can.
I've also heard from many owners that horseracing is a hobby and not a way to riches. All of the ones I know have seperate businesses that finance their hobby.
In Chicago our leading owner the last 3 years running has reported a net LOSS each year and 2 back he reported losses in excess of $1 million.
Now breeding and pinhooking are a different story.
Good Luck

Man,

I am taking this as a hobby, too! I have a full time work and I will not left this job in order to own horses...I will just try to make things right, in order to do the best job I can...I am willing to start breeding in the future, also...but this will depende on my success as as owner.

I tried a partner once....and this person gave up, when we were about to buy a claimer....here in my country (Brazil), there only very few people interested in the horse industry, like me....but I think its a growing industry...mainly because of exports to the US and Europe.

Now I decided to go for an unraced colt/filly.....I also dont know too much trainers...and the 1 or 2 I know are broken to enter in a partnership with me...

I dont know....i am thinking seriously about....but its a very difficult decision.

Cajungator26 · #9 07-17-2006, 03:42 PM

Quote:

Originally Posted by fmc123412

Man,

I am taking this as a hobby, too! I have a full time work and I will not left this job in order to own horses...I will just try to make things right, in order to do the best job I can...I am willing to start breeding in the future, also...but this will depende on my success as as owner.

I tried a partner once....and this person gave up, when we were about to buy a claimer....here in my country (Brazil), there only very few people interested in the horse industry, like me....but I think its a growing industry...mainly because of exports to the US and Europe.

Now I decided to go for an unraced colt/filly.....I also dont know too much trainers...and the 1 or 2 I know are broken to enter in a partnership with me...

I dont know....i am thinking seriously about....but its a very difficult decision.

Weren't you going to claim one soon?

fmc123412 · #10 07-17-2006, 04:24 PM

Quote:

Originally Posted by Cajungator26

Weren't you going to claim one soon?

Yes, you are right!

But the partner i had gave up because his wife decided they would better buy an apartment! :-)

So i decided to buy a horse in an auction...one that can, maybe, give me returns...not only expenses like a claimer...

Cajungator26 · #11 07-17-2006, 04:27 PM

Quote:

Originally Posted by fmc123412

Yes, you are right!

But the partner i had gave up because his wife decided they would better buy an apartment! :-)

So i decided to buy a horse in an auction...one that can, maybe, give me returns...not only expenses like a claimer...

Not all horses at auction are going to give you returns. You need to bring someone with you that knows horses... it's a huge guessing game a lot of times.