Co-buying/Co-owning?

Not personally but a good friend of mine bought a horse with another lady and the agreement is in the process of going horribly wrong.

My friend is quite confident and experienced, where as her friend quite novice. The novice rider has fallen off the share horse 3 times in a matter of a few months and is now wanting 'out' of the deal, with the other side not having the finances to buy her out, so likely the horse will have to be sold.

Not something I would do - there are too many things that could go wrong....
 
Sidney said:
Not something I would do - there are too many things that could go wrong....
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I agree, although I don't think I know of anyone who has done this. I would probably buy a horse with a close family member i.e. a mother/daughter share or similar, but not with a friend - think it would put the wrong kind of pressure on a friendship e.g. talking about money extensively etc.
 
Two ladies on our yard did this.
They are very good friends though so its gone with out a problem.

I can see for some people it might not work. Their priorities change etc.
You would need to be sure and honest in what you want.

The two ladies, decided thay wanted to do more together so bought another horse.
Instead of having one each they still share the two of them!
 
Nope. Either my mother buys/breeds them then I steal them for a bit to ride and give them back to her when they have had a career and are ready for stud.

And then on the other side I bring them home from work, reschool them and then she steal them to ride lol
 
I have done this with a very long standing friend. We bought a youngster and brought her on then last year bought another which we will be backing shortly so we can then ride together. Works brilliantly - we each buy whatever is necessary and then work out where we stand at the end of the month usually it works out so no cash has to actually change hands. Great that we have each other as back up if one of us is ill etc. We do have a co ownership agreement which we drew up and agreed. This covers all kinds of things including what happens if one of us wants out. Don't think I would have fine it with anyone but this lady as we have known each other over 25 years and share similar views on horse care etc.
 
Actually I do know of two women who did this, but they were and still are more like sisters than friends, had known each other since they were very little and when I met them they were in their early 40s, and still living in each others pockets. I think it was fine as neither could afford their own horse so they clubbed together, but as far as I can remember one of them became pregnant and so more of the work/expense fell onto the other person. I don't think this became an issue in the long run though.

I think that it is potentially very positive and worthwhile if you can buy a horse and share everything with a friend, although I don't think it would work for all friendships, and could harm them as well. I suppose it's a bit like having a baby in a less than perfect relationship - it could expose cracks and differences.
 
Yes I did many, many years ago with my best friend. I was actually looking to buy just for myself then we agreed to go halves - she lasted about a year then I ended up buying out her share at the original price she paid for the horse and a lot less than half for her share of the equipment as it was now used.

Wasn't an issue for me as I'd had the means to own outright anyway but would I do it again - no probably not, I'd rather own and get a sharer.
 
I shared a loan horse with a friend! ended in tears and loss of friendship for a while.

we had a difference in opinion, she wanted her mum to ride him too, which meant 3 people riding one horse, didnt really work!

so never again will i share
 
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