I'm investigating the purchase of a race horse.?

Question

I've heard I can get a descent race hose for $15 - 20K. I plan to buy one and race it in the Los Angeles area. What can I expect to pay for upkeep. Stable, feed, etc...

Answer 1

Claim one from a respect full trainer, It's going to cost you around 1,500 a month

Plus if anything goes wrong with her, more for vet bills

Answer 2

Suggest consideration of a racing parnership to share risk and expenses.  The benefit is to limit exposure.  Try two racing partnerships @ $5,000 each.  Reserve $5,000 for a future opportunity.  Eliminate the complex details.

Answer 3

The average price is somewhere around $35,000 per year per horse, but I would expect that to be a bit more where you will be racing.  The purses are better out there also.  

http://www.saferhorseracing.com/gpage9.h...