Turning over horse?! OTTB etc.
I want to have a business/job in the horse industry, but we all know it's hard to make a profit out of horses... if you don't breed.
anyway, I want to save or buy really cheap horses, healthy and a good ish weight (that's why I'm thinking straight OTTB's)
So, has anyone bought horses and trained them to jump/dressage etc in around 10 weeks/70 days?! and made a somewhat profit?? I know it'll benefit my riding and knowledge, but money wise :P
p.s. I'm a experienced rider, and have had horses since I was 7 (: also know TB's quite well :D thank you!!
If you're getting OTTBs straight from the track, they'll probably need a period of time to just chill out and get their heads back on straight before any retraining can be done. My OTTB was off for a year but that's a bit extreme. I'd say you should probably give them at minimum a month to just hang out, eat and be a horse, then see how they're acting. Three months is probably more standard but I'm not completely sure of that. Of course the nice thing with OTTBs, at least in my experience, is that they're smart and they learn fast.
yes, sure will give them a break! thanks for the tip (:
I only mention it because it'll cut into your 10 week/70 days. However, if you can find one that's already been rested (maybe from a local rescue) you'll probably be able to turn them around pretty quick. I've never done it myself but it sounds like a fun project!
The woman I bought mine from had trained him off the track after giving him some down time. She had him very nicely started within 4 months riding him an hour 5 days a week. Most TBs are very smart and learn quickly.
Yes thank you (: I work at a racing stable, and he doesn't sell them until they have had a month break, so I was thinking of getting them, there cheap and healthy! But I really want to save the ones in need, so I'll make sure they have a break if they are straight OTTS (:
and MyBoyPuck - that's great thank you (:
Well I hope you are an exceptional rider and trainer - there are multitudes of people who try to turn over ottb's. By the time you add up the costs for feed and general care, you are making very little profit unless the horse is absolutely brilliant with potential to make a top level mount in say showing or eventing. Otherwise, TB's are a dime a dozen and most riders who would be looking for a nice one, will just pick one up straight off the track for free.
....I would advise AT LEAST 6 mos of let down time....
Kayty - Well, I've trained heaps of horses, from sale yards ponies, to OTTB's and I can ride - I won State sporting and formal gymkhana last year, and qualiflied for state horse trials (Eventing) but, the horse was lame during state ): also went to nationals for gaming and compete prelim eventing on a regular basis (:
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!
It depends on where you are and the trends. TBs are athletic and can lend themselves well in most any english discipline... but like said, they're a dime a dozen and most people who may take on a green TB may really be inclined to look at a straight OTTB. However, Warmbloods are becoming readily available and trendy... because they're less reactive, they tend to attract your Amateur riders more than a TB.
What you need to consider is your local market... do you have an area where people are competing heavily in english discipline events? Are they mostly local level or upper level? Are you conveniently located?
Where I am, there is mostly small shows where the horses are just well trained trail horses, retired pros, or experienced riders getting a green horse ready without losing it's eligibility. We also have 3 tracks in a 2 hr drive, so TBs are nearly as common as the QH. Big venues however are at least a 2 hr drive, as are the major metro areas. Though I show eventing and would love to flip TBs for that purpose... economically a good trail horse with some rings skills is what sells around here. I still advertise them further south and have sold horses there, but it's harder... takes coordinating on my and their ends.
As for costs.... 1000 doesn't cover much over a 70 day time period unless you have your own farm. If you're boarding or renting, you need to consider that in your costs.
Start small and build your reputation. You will need to network, know who to call when you have a particular horse in your hands, and have a niche. For example, people come to me when they're looking for a good athletic trail horse. I don't have time to buy and sell right now, but I still haunt sales and know people I'd call... you need to be one of those people (figuratively speaking).
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