Join Date: Feb 2010
Location: Loudoun County, VA
I think you will have much more fun if you buy a horse that isn't a project. As a advanced beginner, you probably will find this horse a handful, probably for a long while.
My recommendation would be to find a completely trained horse, so you will be able to go to the barn, saddle up, and do whatever it is you want to do, without having to worry about green horse quirks. It's much more enjoyable to know you can get on whenever you want and go on trail rides, or play around in the ring.
If you get a green horse, what you are in store for is going to the barn and wanting to ride, but having to wait for something, whether it's waiting for basic ground manners, walk work, and then trot work, and then canter work, and then over fences.... it'll be a lot of waiting. And since you aren't a trainer it'll be a lot of money invested, plus a lot of waiting. And you may not even feel very confident when you do ride, since a green horse can be an extremely unpredictable horse, and you may just end up being terrified of what the animal could do to you, whether it's falling off, or kicking you on the ground.
If you are interested in having fun with horses, don't drag it out and make yourself have to wait a considerable amount of time before you can actually have fun. Get a horse that you can fun with now, and there will be plenty of green horses you can get in the future to learn about the training aspect of it.