I have always heard that the costs to maintain horses/ponies end up outweighing how much you could make off of them if you sell them. I am starting a job in the horse industry in a couple months, and would have access to keeping horses of my own for fairly cheap. I was wondering if anyone here has actually made a profit or at least broken even on buying young/inexperience horses/ponies and training them for 6 months - a year and then selling them once they are fit for local shows and carrying a younger rider around. I have seen lots of listings for decent looking horses, OTTBs, etc. for between $2000 - 4000, and I’m thinking if I put 6 months-a year on them, get the lead changes, doing nice courses, they could be sold in the $10,000 - $15,000 range. What does everyone think? Opinions? I just wouldn’t want to lose money on this situation. I am sure things come up such as unexpected injuries, high vet bills, etc. that would make it not profitable.
Just interested in experiences and input! Like I said - not necessarily looking to do this for the money. I just think it would be fun to have some project horses and bring some along - with the added benefit of a little extra income on the sale end.