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Turning over horse?! OTTB etc.

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  • Training ottb in two months
  • 2012 ottb for sale

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    02-05-2012, 03:24 AM
  #11
Weanling
Thanks heaps Mudpaint! I've got my own property, and I'm in QLD, Austalia, and TB's are selling pretty well! Heaps of competitive SJ and Eventers wanting a trained horse, not one to train!

And thank you again!
     
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    02-06-2012, 06:24 PM
  #12
Foal
Hey iloverains,
I wish you the best of luck in your journey! I have been retraining OTTBs for about 5 years now and it's not that easy. They are amazing horses, very smart and quick to learn. But it will definitely take you longer that 10 weeks. Like everyone else said, they really do need between 3-6 months down time. I give mine 6 months at the least. I have shown one of my OTTBs in the AAA circuit and at Grand Prix level, and she did very well. But it was extremely hard to do. They need someone very confident to help them succeed.
Good luck with your venture!! I wish you the very best =)
     
    02-06-2012, 06:51 PM
  #13
Weanling
Quote:
Originally Posted by BellsTouchofClass    
Hey iloverains,
I wish you the best of luck in your journey! I have been retraining OTTBs for about 5 years now and it's not that easy. They are amazing horses, very smart and quick to learn. But it will definitely take you longer that 10 weeks. Like everyone else said, they really do need between 3-6 months down time. I give mine 6 months at the least. I have shown one of my OTTBs in the AAA circuit and at Grand Prix level, and she did very well. But it was extremely hard to do. They need someone very confident to help them succeed.
Good luck with your venture!! I wish you the very best =)
Thank you very much!! Yes, now that I really really think about it, defiantly need more then 10 weeks. I'm very confident, practically have no fear, except spiders /:

I would love to get them up in the 1.50m but I was thinking of selling them just at 1m with potential to go further. I guess I just have to get one and see how it goes!
     
    02-12-2012, 08:30 PM
  #14
Yearling
I will first say, the type of training that goes in to a meter fifty horse is something that takes lots and lots of time. Years, even.
You're money will be best made in brave, and polite, 3 foot to 3'6" jumpers and hunters. My trainer gets a couple of them off the track, for free, and then gives them a solid 120 days under saddle and on the ground. It's a lot of work. Best of luck to you!
     
    02-12-2012, 09:34 PM
  #15
Teen Forum Moderator
I just don't see a fresh-off-the-track OTTB being able either mentally or physically to handle completely learning all of the ground training,basic riding, AND jumping training without atleast a few very dangerous gaps in its training or turning it into a spaz in only 70 days.

OTTBS must be treated like brand new two year olds. And in reality, with 60 days of Professional training for one of those you can really only expect a good 'go' and 'woah, and some very basic walk trot and possibly canter skills. Not a show-ready performance animal.

My OTTB, Noah- was brought off of the track last year. I gave him about two months of down time in the pasture to be a horse, then started him. He's about 9 months into his training now and walks, trots, canters, woahs, flexes, disengages, sidepasses, backs, and is learning flying lead changes- but this is almost a year of training. I would never of expected him to jump only two months after getting him, as he was still a spastic, nervouse animal with no sense of direction and no respect for the bit or leg signals.

Add that to the fact that OTTB prices aren't all that great, and I really just don't see this as being a feasable option.
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    02-13-2012, 03:55 AM
  #16
Weanling
Quote:
Originally Posted by Oxer    
I will first say, the type of training that goes in to a meter fifty horse is something that takes lots and lots of time. Years, even.
You're money will be best made in brave, and polite, 3 foot to 3'6" jumpers and hunters. My trainer gets a couple of them off the track, for free, and then gives them a solid 120 days under saddle and on the ground. It's a lot of work. Best of luck to you!
defiantly not aiming for 150cm!! And the horses will already have had a few months break. Thank you anyway. Will post on my progress. (:
     
    02-13-2012, 04:05 AM
  #17
Weanling
Quote:
Originally Posted by Endiku    
I just don't see a fresh-off-the-track OTTB being able either mentally or physically to handle completely learning all of the ground training,basic riding, AND jumping training without atleast a few very dangerous gaps in its training or turning it into a spaz in only 70 days.

OTTBS must be treated like brand new two year olds. And in reality, with 60 days of Professional training for one of those you can really only expect a good 'go' and 'woah, and some very basic walk trot and possibly canter skills. Not a show-ready performance animal.

My OTTB, Noah- was brought off of the track last year. I gave him about two months of down time in the pasture to be a horse, then started him. He's about 9 months into his training now and walks, trots, canters, woahs, flexes, disengages, sidepasses, backs, and is learning flying lead changes- but this is almost a year of training. I would never of expected him to jump only two months after getting him, as he was still a spastic, nervouse animal with no sense of direction and no respect for the bit or leg signals.

Add that to the fact that OTTB prices aren't all that great, and I really just don't see this as being a feasable option.
Thanks for the opinion, I work at a racing stable and will be getting those horses, as I know them, and before I work them they will have a few months break (:

With the first one I will train I will have to see what I can do, who knows how long it's going to take to get them to the level I want.

Thanks again! (: and TBs are selling pretty well here.
     
    02-13-2012, 07:18 AM
  #18
Trained
QLD must be pretty different to SA then on the TB front. Down here, sure they sell well... if they're under $1500 and even that is a bit steep. Any professional riders looking for an ottb around here will either buy straight off the track, so they can train it how they want, or they buy it from another professional that will instil absolute correct basics in said horse, and they can just continue on from there.

There's stacks of young kids down this way that try to make money off turning over ottbs. 99% of them rely on daddy's wallet to pay for everything and they make a loss anyway. Unless you have an incredibly special ottb, money making opportunities in turning them over are few and far between.
     
    02-13-2012, 07:49 AM
  #19
Banned
I'm in the US, not in Australia, so things may be different where you are, but there is very little profit in the scheme you're proposing here. The difference in the price of an OTTB fresh off of the track as opposed to one that's let down and had 60 days retraining is $500 - $1000, no where near enough to make this a profitable scheme.

Even when the market here was much better, it was very, very difficult to flip horses for a profit in the 3 - 6 month time window. You might make money on one, break even on two and lose your shirt on the fourth and be unable to sell it at all. That fact of the matter is, the real value is added to a horse when it's finished in a discipline, not when it's started. And that takes lots of time. Many, many horseman are capable of doing the first couple of months of foundation work corrrectly, far fewer are able to bring the horse to the next stage of training.

A better business plan might be to get a few animals with real athletic potential, and plan on keeping them for a year or longer, and start them on their competitive careers. You will have more time and money invested in each individual, but the market will be much better for a horse that's going to entry level competitions than a 60 day wonder.
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    02-15-2012, 11:35 AM
  #20
Green Broke
Quote:
Originally Posted by iloverains    
but yes, I agree, and I've made a program/schedule and with the amount of feed I give my Frisian warmblood and some extra cost of fuel time tack etc. etc. I will have to sell the horse for only $4000 with a $1000 profit I also have a training program as a guide, all depends on the horse though!
This is my opinion, if it helps. I'm Australian, and this is what I think. I wouldn't buy a OTTB for $4000. I know few people who would, and the ones that would go for that much would have to be exceptional (for hacking) or very experienced (like an ideal pony clubber). People interested in competing probably won't go for a TB, or if they are serious, will train it up themselves, or buy from a known trainer. Pleasure riders may get a TB, but they wouldn't want to spend that much, nor would the average pony clubber. To sell a horse with only two months training you would need to (ethically) sell it to an experienced rider, but I don't think an experienced rider would spend that much on an OTTB.

Who is your target market?

It's a decent idea in theory, but I really think it practice it doesn't work out so well. Even if you work out all the costs, it might take a month or two just to sell the horse, which seriously eats into your profits. If the horse gets injured, again vet costs could completely take up your profit. If you make $1000 profit, you could work that out at 65 hours worth of work at about $15 an hour (low wage). But having a TB for approx 70 days you'll likely put what, two hours for riding and care per day? That is about $7 an hour for the work you do if you sell the horse quickly, and if there aren't any extra costs.

For that price, you can pick up a real nice, well rounded and well trained horse if you look around. And I have known people who buy their own OTTB for $300 off the track, and train that themselves. I just can't see a lot of people paying $4000 for what you are offering.

Yes, you see adds in Horse Deals etc. for horses like this - but just because they are advertised at that price, and for sale, doesn't mean that they are sold for that much, or that they are sold at all. By all means try it - you may be successful, but don't count your money just yet, and be prepared to fund the horse for a longer period if needed, or take a loss.
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