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Expert
Posts: 2685
   
| In your experience/OP what does this entail?
Hypothetical: person A & person B want to purchase a horse. Person A does not have the time or knowledge to care for or train the horse to make it worth buying. Person B does. Person B does not want to put up half the purchase price AND all of the up keep and training time and money. Person A does not want to pay full purchase price if it is considered going in "halves" on the horse. |
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 Expert
Posts: 4121
Location: SE Louisiana | If you get the front half, you have to feed it..... and I'm sure you know what comes with the back half.. |
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  Playing the Waiting Game
Posts: 2304
| Sounds like trouble... any time you try to do halves it gets too messy... Only time it has worked for me is Person A wanted Person B to ride horse so Person A could brag "That's my Horse!" |
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 A Somebody to Everybody
Posts: 41354
 
Location: Under The Big Sky Of Texas | Dont do it, it hardley ever works out and can get messsy.  |
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 Money Eating Baggage Owner
Posts: 9586
Location: Phoenix | My boyfriend is doing it with my dad. Dad owns half and rides it and will eventually campaign him, boyfriend is using it an investment. |
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 Fact Checker
Posts: 16575
Location: Displaced Iowegian | Sounds like a recipe for disaster including lawsuits and broken friendship down the line.....not very smart on either party's part! |
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 Angel in a Sorrel Coat
Posts: 16030
Location: In a happy place | I would never do it. |
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 Quiet Riot
Posts: 2568
Location: North Dakota | I would write up a contract and have both parties sign it. |
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Rad Dork
Posts: 5218
Location: Oklahoma | No experience, but I don't think I've heard of many positive outcomes. Unless it's like your parents or something similar I would probably pass. |
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Regular
Posts: 68
Location: oklahoma | Run as fast as you can from it! I've done it ending up costing me a lot of money and my friendship. I would never ever consider it again. In the end it's not worth it! Good luck to you in whatever you decide. |
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Elite Veteran
Posts: 1077
| Do NOT do that!!!!! I did it thought all my t's were crossed and I's dotted and still got screwed. Then had to give the partner the horses just to get out of the deal. BAD BAD idea |
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 Expert
Posts: 2308
Location: Viola, IL | I wouldn't do it, unless one party was an investor, your contract covered all issues, etc. This is just a mess waiting to happen. |
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 South Texas Hottie
Posts: 12130
Location: IM A DUDE!!!!!!! | blyellowrose - 2014-10-26 5:24 PM I would write up a contract and have both parties sign it.
and be VERY, VERY specific with the contract as well. |
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 Cute Little Imp
Posts: 2747
Location: N Texas | I think it's a terrible idea and will get messy in a hurry. There will be times where one person wants to do a specific treatment, or feed program, or supplement, etc and the other person doesn't want to. Will all expenses be split right down the middle? What is person A trying to gain from this?
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 Undercover Amish Mafia Member
Posts: 9992
Location: Kansas | I can not stress this enough.......do not go in halves on a horse. One of you will end up screwed in the end if something bad ever happens between the two of you.......personal experience |
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 Good Grief!
Posts: 6343
Location: Cap'n Joan Rotgut.....alberta | i would not do this with any one....will only cause trouble and hurt feelings
m |
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Hungarian Midget Woman
Location: Midwest | don't do it... |
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 A very grounded girl
Posts: 5052
Location: Moving soon..... | I would say "bad" idea. I would never do that
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 Ima Fickle Fan
Posts: 3547
Location: Texas | Only way I would do it is if person A was married to person B.
Otherwise, this situation has trainwreck written all over it. |
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 Expert
Posts: 2128
| Seen it done many times and the person (in situation B) tells me they always get the short end of the stick really. They fed and rode the horse while person A just sat back and waited to collect. Thus person (A) got a bigger return because he didnt have riding time and feed invested even though the profit was split 50/50. Unless this is going to be a short term deal with potential buyers already in mind I wouldnt do it. |
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 Expert
Posts: 1432
Location: Never in one place long | I did this once on a filly, same exact scenario as you're describing. It didn't work as well as I'd hoped, since I was the one who did the breaking out and riding, the other person thought I should have to pay for the maintenance etc. so it was always a battle to get half the money for costs as i always paid for them up front. Then when down the road years later, we went to sell the horse, the market was down and we didn't get as much for the horse as we'd hoped and I took a higher amnt of the $ beacuse of all the work I had invested etc, she got upset.
That being said, I think if you have a good contract and know the person is responsible etc. It might work but don't let it ruin a friendship! It didn't mine but we had some hard feelings for a while. Also, you'll want to be in agreement about what will happne shoudl the horse get hurt, for example, what if the horse collics and one says yes do surgery, other says no way... who pays then? |
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 That's White "Man" to You
Posts: 5515
| Read this thread and then ask yourself if you still want to form a partnership on a horse. Reference: Mary Walker
http://forums.barrelhorseworld.com/forum/forums/thread-view.asp?tid=446763&posts=332&mid=6958300&highlight=mary+walker&highlightmode=1&action=search#M6958300 |
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 Expert
Posts: 2133
Location: Tyler, Texas | I would not do it... Someone always ends up with hard feelings. |
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Elite Veteran
Posts: 705
Location: Weatherford, TX | Personally....I would not do it. I haven't seen one partnership work yet over 25 years. I swear there are no two people that take care of a horse completely the same and agree. I have seen A LOT of hard feelings at the end and have just seen partnerships go really wrong. Just my opinion.
Edited by Gator Bug 2014-10-27 3:38 PM
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Location: Midwest | Even if I had the worlds best contract written up, NO!!! Lol
Stay away!
Two ladies that board at my barn went in half on a horse trailer 2 months ago, now they are suing eachother. Going in halves never makes anything easy!!!
If you don't own it 100%. Don't have it!
Edited because I can't spell :P
Edited by mbellos11 2014-10-27 10:30 PM
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Elite Veteran
Posts: 1034
| Ask the Walkers how it turned out for them. |
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Location: not settling | Speaking from experience, don't do it.
All that is has caused so far is hard feelings, and money
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 Veteran
Posts: 253
Location: EDGE OF INSANITY | The only person i go in halves with is my husband, which translates into this-horse is being good, its mine. Horse is being an ass-its "his" horse then lol |
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 Elite Veteran
Posts: 754
Location: Arkansas | horsepoor1 - 2014-10-28 12:23 PM The only person i go in halves with is my husband, which translates into this-horse is being good, its mine. Horse is being an ass-its "his" horse then lol
LOL--that is how things work at our house as well |
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Going in halves on a horse