Is it possible to make money buying young horses, training and then selling them? - Page 2
 
 

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Is it possible to make money buying young horses, training and then selling them?

This is a discussion on Is it possible to make money buying young horses, training and then selling them? within the Horse Training forums, part of the Training Horses category

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        12-04-2011, 04:52 PM
      #11
    Started
    I love playing with horses and in the past I have owned the property to make it possible to deal in horses. But never once have I thought to become a dealer.

    For me it is not the horses which present the problems - it is the humans.
    Some lie, some conceal the truth. Some should never be left alone with any horse. I would find watching a horse being driven off by some perfect stranger very distressing.

    I earned my living as an international trader but I have no regrets that I never bought a horse with the idea of selling it for profit. I never mixed business with pleasure.

    Anyway, there's no money in it until the economy picks up - either in the US or in Europe. Those bankers and economists have to get their act together first.
    bsms likes this.
         
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        12-04-2011, 04:53 PM
      #12
    Trained
    One of my best friends makes money "Turning" three day eventers. Before her divorce, she still had a net worth of 6 million on her barn. But of course, she had been doing this forever and was selling to grand prix riders who COULD pay well for these horses.
         
        12-04-2011, 05:05 PM
      #13
    Banned
    Grand Prix three day eventers?
         
        12-04-2011, 07:37 PM
      #14
    Trained
    It may depend on where you are at. Last week, we were given a mustang pony. He's 14, in good health, was born wild in the desert, used for a kid to barrel race, spent time on a ranch working cattle, and been a lesson horse. He can carry me at a gallop comfortably, and after his first "I'm really nervous' ride here, is proving easy to stop, slow, turn, change pace, etc. He's been available for 5 months "free to a good home".

    Last December, I sold a purebred Arabian mare, outstanding temperament, comfortable with her paces but still green, but absolutely willing - and sold her for $600.

    A charity sent out 9 (IIRC) horses needing adoption to professional trainers for 2 months of training, followed by a public 'competition' to show off what they had accomplished with them. 2 of the 9 have been sold for the adoption fee - I think around $1000. The other 7 are still available.

    Around here (s. AZ), it would be tough to add enough value in 30-60 days to cover your feeding expense for that time.

    The mare I bought for $800 and sold two years later for $600, ridden by my then 12 year old daughter for one of my daughter's first lessons:

         
        12-06-2011, 02:30 PM
      #15
    Foal
    I'm really glad this post is here. This is something I want to do when I "grow up" lol I'm 24 but I didn't know if it would've been profitable, or if I'd be worried about feeding these trainees every month for a year or so. Great post!
    Posted via Mobile Device
         
        12-06-2011, 02:45 PM
      #16
    Showing
    Another thing to consider is who you know and what market you have the capability to get into. Me, personally, I could make a pretty decent profit buying older broke horses that don't have a lot of training (lots of riding and are very broke but lacking "handle"), putting 30 days on them to get them handling nice, start roping off of them, etc. I know of a market where there are people looking for nicely bred horses that they can take and start using tomorrow as ranch horses. A friend runs a select horse sale down around the Fort Worth area and if you can pass muster to get your horse in there, you are guaranteed a pretty price tag on him. Their average price for a well broke horse with nice handle is $8,000-$10,000 because they can guarantee them broke, guarantee them sound, and there are zero holes or issues that you have to worry about when you buy with them.

    The only thing is, they have to be registered, well bred, very broke (like Cherie said, absolutely no "buts"), have a nice appearance (ugly horses will sell but it's the nice looking ones that are bringing in good money), have good handle (think reining horses), and ready and able to do whatever you need doing whether it's let your kid carry the flag in the grand entry of a rodeo or have the horse track a cow for roping across rough ass country and then drag it into the trailer. The horse has to pass an inspection before they are even allowed into the sale.
         
        12-06-2011, 08:39 PM
      #17
    Trained
    Quote:
    Originally Posted by smrobs    
    Another thing to consider is who you know and what market you have the capability to get into. Me, personally, I could make a pretty decent profit buying older broke horses that don't have a lot of training (lots of riding and are very broke but lacking "handle"), putting 30 days on them to get them handling nice, start roping off of them, etc. I know of a market where there are people looking for nicely bred horses that they can take and start using tomorrow as ranch horses. A friend runs a select horse sale down around the Fort Worth area and if you can pass muster to get your horse in there, you are guaranteed a pretty price tag on him. Their average price for a well broke horse with nice handle is $8,000-$10,000 because they can guarantee them broke, guarantee them sound, and there are zero holes or issues that you have to worry about when you buy with them.

    The only thing is, they have to be registered, well bred, very broke (like Cherie said, absolutely no "buts"), have a nice appearance (ugly horses will sell but it's the nice looking ones that are bringing in good money), have good handle (think reining horses), and ready and able to do whatever you need doing whether it's let your kid carry the flag in the grand entry of a rodeo or have the horse track a cow for roping across rough ass country and then drag it into the trailer. The horse has to pass an inspection before they are even allowed into the sale.
    When do they have this sale? You have piqued my interest...
         
        12-06-2011, 09:14 PM
      #18
    Showing
    From what I understand, they do one about once a month. It may slow down in the winter months, though, I'm not sure. It's Brother's friend that helps put it together.
         
        12-06-2011, 09:21 PM
      #19
    Trained
    Quote:
    Originally Posted by smrobs    
    From what I understand, they do one about once a month. It may slow down in the winter months, though, I'm not sure. It's Brother's friend that helps put it together.
    Do you mean "Brother" as the name or "Brother" like your sibling? If you don't mind...could you PM me some info. I would like to go since I am only an hour and half away from FW.
         
        12-06-2011, 09:29 PM
      #20
    Showing
    Brother like the sibling . I'll have to contact him to see if he can get me the information. He'll probably have to call Shane to get the dates, times, locations, etc. It may take a couple of days but I'll get it to you.
         

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