2 minute read
December 2, 2019
3 minute read
November 25, 2019
2 minute read
November 20, 2019
5 minute read
July 1, 2019
photo courtesy of DMTC Del Mar 2019 is here - - - and let's be honest, we've never needed it more. Before we get to the new and improved Top 25 list, a quick thank you. To the horsemen and horsewomen of the Southern California racing circuit. You know who you are. The ones who get up in the dark and dedicate your lives to the care and well ...
2 minute read
June 4, 2019
It’s one of the most frequently asked questions we receive and for good reason. Understanding the risks and exposure is important when evaluating any investment. Owning a share in an LRF horse racing partnership comes with two expenditures. The initial share price to purchase the horse and upkeep/expenses. All partners pay all expenses from “Day 1”, no matter when you purchased your share of the ...
2 minute read
May 28, 2019
Nobody likes “markups”… especially in the world of thoroughbred partnerships. As the saying goes, “How can you charge X, when you just purchased the horse for Y last week?” In pure economic terms, I’m sure all of you recognize there is a markup in everything we purchase - from the shirt on your back, to a new HD television, to the cost of having a pizza delivered. Ultimately, it is you, the consumer, who choose if the value added from the ...
2 minute read
May 26, 2019
Most people don’t know, but many horse trainers expect a 5% “bonus” when an owner sells a thoroughbred racehorse for a profit. For example, a horse racing partnership purchases a horse for $100,000, races the horse successfully, then later sells a horse for $250,000. In such instance, due to the profit, the trainer expects 5% of the sales price or $12,500. He expects this usually for one of two reasons. One, as a bonus for the increased ...
3 minute read
May 19, 2019
Owning a racehorse can be the most exciting investment you ever make. But, it is first and foremost an investment. If treated like the business that it is, the IRS affords many of the same protections and write-offs as investing in real estate or other business ventures. So, yes, it is a write-off! As long as you can pass the ...
5 minute read
June 12, 2018
photo courtesy of DMTC Everything smells and tastes better in the summer, most notably in the middle of July! Del Mar 2018 is nearly here. Where stress levels drop to 0 (except when the stewards innocuously take down your horse) and it's sunshine until nine. With purse increases in Southern California, racing is hotter than the weather (always 78) ...
