HORSEPLOP.COM
General Category => Harness Racing => Topic started by: dougie on October 05, 2025, 08:03:14 PM
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I've noticed that VIP Stables is now offering "No Bills" limited partnerships on their site. How do they make money if the partner has no bills? When I owned four cheap claimers at Pompano in the 90's, we were charged a daily of $40 per day. Not including the VET, Farrier, and Paddock fees. We had four horrible claimers and our monthly was about $6400 a month divided with my other two partners. We of course got destroyed. But a "No Bills" horse from the VIP Stables does sound tempting.
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Fractional ownership is basically a scheme where a trainer or manager spreads out the loss over hundreds of people, thereby staying alive for a few years. Anthony is the best at it if you ask me, he downright tells you upfront that this is entertainment and you should expect to lose all your money over time. In the meantime, he will live a life that otherwise would not be obtainable. Hope that hleps
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I've noticed that VIP Stables is now offering "No Bills" limited partnerships on their site. How do they make money if the partner has no bills? When I owned four cheap claimers at Pompano in the 90's, we were charged a daily of $40 per day. Not including the VET, Farrier, and Paddock fees. We had four horrible claimers and our monthly was about $6400 a month divided with my other two partners. We of course got destroyed. But a "No Bills" horse from the VIP Stables does sound tempting.
I assume it's a purse money payment system. I think you can avoid training bills by forfeiting a large percentage of the horses' earnings. A lessee situation. Maybe that is what is happening here?
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I've noticed that VIP Stables is now offering "No Bills" limited partnerships on their site. How do they make money if the partner has no bills? When I owned four cheap claimers at Pompano in the 90's, we were charged a daily of $40 per day. Not including the VET, Farrier, and Paddock fees. We had four horrible claimers and our monthly was about $6400 a month divided with my other two partners. We of course got destroyed. But a "No Bills" horse from the VIP Stables does sound tempting.
The training fees are front loaded on the share price. Landmark Stables has been doing this for years
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The training fees are front loaded on the share price. Landmark Stables has been doing this for years
So despite the "No Bills", a investor can't really make any money.
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amac has done a wonderful job
wheels around lexington like a king spending other peoples money
buying horses he could only dream about before the stable
all on the hope of folks that of the 60 or so yearlings he buys they will have some % of the one or two that become legit stakes colts
my hats off to him
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I got an email about the " No Bills' . i signed up for info.
I don't remember all the specifics, and too lazy to search email, but a small percentage of purse goes to "owners".(perhaps 30)
Plus if horse does not cash a check for the month, then there a bill.
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I got an email about the " No Bills' . i signed up for info.
I don't remember all the specifics, and too lazy to search email, but a small percentage of purse goes to "owners".(perhaps 30)
Plus if horse does not cash a check for the month, then there a bill.
Ahhhhh.....so there is a "hitch" concerning the bills. Thanks!
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The no bills model is that VIP keeps 70% of purses, you only share 30% in exchange for no training bills. There is one more catch as well, if the horse does not race in a calendar month there is a fixed training bill of $4000 for those months.
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The no bills model is that VIP keeps 70% of purses, you only share 30% in exchange for no training bills. There is one more catch as well, if the horse does not race in a calendar month there is a fixed training bill of $4000 for those months.
It would seem that the "fine print" with this stable gotta be read. LOL!
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They know enough not to contact me about their offerings. I invested with them about 10 years ago, and called them out on a number of billings.
On 1 horse I had a piece of, I calculated the horse had to earn $60k a year to break even.
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There was a partnership out of Illinois around 20 years ago that offered members a "no bills" membership.
I lived out of state, but it sounded intriguing so I purchased a share for $2,500. I had a lot of fun with it as for the first couple of years we were ahead of the game before it lost momentum and we lost the last two years.
The unique thing about this partnership was we received a K-1 at the end of the year for filing our taxes.
The first two years we showed a modest profit. The last two years we lost money. However, those last two years
our K-1 tax documents showed losses that we were able to deduct on our taxes. All in all, it was a fun and in the end I was able to deduct more than my original investment on my tax return.