aflex

An older friend of mine owns a few horses and asked if I wanted to buy into one. So a few days ago, I bought in on a $6k horse, (I put 2k up) for 33% cut. Anyway he called me today and said someone offered 7500 for the horse and advised we sell it. I told him to go ahead and sell it, and I made a quick $500 (my 33% cut on 1500).

My question is, is this a common practice for horses to be sold so easy/quick like this? I literally had a cut of this horse for 2 - 3 days. With this kind of return, I want to get in on this with more capital.

Let me know any experiences. At this time, he is the only person I know in the business and I don't want to hear only his take on everything.

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