Black Magic Racing buys another

[LUCPARK]

Well I'm good friends with Greg Luther you ignorant fucking blowhard! So FUCK OFF!

 

good for you

want a cookie

fold your hands stop posting

people will stop thinking  your a bigger fckin idiot than most gave you credit for

[Foalin at 4]

good for you

want a cookie



go get your shine box...

im friends with pigland

 
 Good, now go get your shinebox!

[Southpaw]

Why would you possibly say he needs a big track?  The horse shows two wins at Yonkers and a win at Phl.  I also think you significantly underestimate what he sold for.

It’s really this simple.  Burke has gone around and bought the best horses from small barns year in year out.  If you buy all the best horses off the people you race against, they are easy to beat.  This is just an extension of the same business model. Good horses hold form when changing barns.

[hoosierboy]

It’s really this simple.  Burke has gone around and bought the best horses from small barns year in year out.  If you buy all the best horses off the people you race against, they are easy to beat.  This is just an extension of the same business model. Good horses hold form when changing barns.

Good luck to Greg he is spending huge cash let’s hope his trainer is as sharp as the trainers he is buying off of.

[Brown jug]

good luck to them
nothing wrong with paying for quality animals, especially at the age of 4, lots of racing still
chief mate has made $28k so far, not great but posts 8,5,8 at levy at yonkers doesn't  help
even if as a 4 yr old he raced mostly in the opens in ohio he would make $150 gross
and if he can elevate beyond that eve when 5 he will make much more

[seriously]

The real steal was the 60K (if accurate) off Shetler.  The horse was competing with the best Indiana had to offer despite Dan Shetler. 

[drink more beer]

Why hate?
Appreciate someone else trying to do great in this business!!!
 Burke kinda has a monopoly on this business. Horses everywhere.
Luther is on site with ALL of his horses.
Has a great team. Go luther!!!!!!

[drink more beer]

Like u guys say fact legit ...shit.....
Well he give 200 k for the horse!!! Fact legit... shit!!!
 Get it luther!!!!!! Ill b repping the hat and shirt ludder lizards!!!!! People and haters will get in line for the hats and shirts!!!! But they will be a premium price!!!!

Just saying!!

 Better buy them noooowwwwwwwwwwww w

[MR.DALRAE]

The real steal was the 60K (if accurate) off Shetler.  The horse was competing with the best Indiana had to offer despite Dan Shetler.

How back Buck Dancer off Welsh to carmine A ,,,,,The Best Buy of the year

[slivercharm]

This entire thread is about a bunch of busybodies who have no idea about this horse at all. Every buyer places a value at which to buy a horse, every seller does the same, and the entire group of you numskulls put together couldn't pay Greg Luthers taxes. The horse races fine on all size tracks!

LMFAO GTFOH I couldn’t pay his taxes he’s that ugly real estate scam artist guy right?

Yeah rich guy making 3% commissions and scamming people with $99 trump u programs on how to get rich with real estate

Please keep ur mouth shut telling us how rich “your friend” is if U wanna compare bank rolls we can but I promise U I won’t lose

We can compare his Tampa house to my families in Bonita beach that fucking guy can’t pay my tax bill

[Calhoun]

 

RE Sales people are the Laziest individuals you will ever meet.

Scam Luther guy selling $1000 get rich quick deals to lazy people.

All they need is a kick in the ass .. $5 a kick.

[dinkadoo]

Dojea Gizmo had a nice brush to 3/4 pole and found out why you need that little "something extra".  Could have rated him a little better.  Probably paced 26.3 third quarter and walked home falling from 2nd to last.  Chalk it up to travel and getting used to new barn.  Time will tell how good of a buy it was.

I believe 3rd start. Still no checks. Not a terrible mile but maybe they need to get back to the Meds where the racing is easier 

[LUCPARK]

horse is fine

needs a mile track ,,
loves those the long  stretchs

[davenchop]

nice to have a shitload of money... no clue what horses to buy
trainer that is average at best... im being kind..(robin schadt of ohio)
first step.. get real trainer and someone who knows
which horses to buy and which trainers to buy from
sure its his money he can do what he wants.. but who
wants to see someone who enjoys harness racing this much
 lose all that cash... wake up...

[COUNSELOR]

I completely disagree.  This is a family operation and truthfully this is not a big investment for these folks.   You will see some folks begin to invest in horses again to achieve a Section 179 tax write-off---especially during the yearling sales.  Recall, they can expense 100% of their purchase dollar for dollar against their ordinary income.   

These additional tax proposals will enhance the value of tax deductions for capital assets.   this is not about profit as the profit can be calculated when the purchase is made even if the horse has zero income in his racing career.

this truly is a no risk transaction for these folks and truthfully their investments are very small in comparison to the revenue that can be sheltered from their other companies.

Rest assured this is a family business and profit is not their motive----fun is!

With the markets at all time highs and the capital gains tax about to be eliminated or altered---with additional tax on all income over $400,000----the equine investment makes sense even if you never earn a dime.   For those motivated horse folks---you can seriously promote your product and the tax savings as a source of revenue for the new owner/investor.

Think back to Saratoga Standardbreds, Almahurst Stud LP 1,2,3,4,5 as well as LPG Standardbred---these were tax savings transactions and not profit motivated and each were in the tens of millions of dollars!!!!

Did any of the investors ever receive and cash flow or profit?  Nope!!  Lots of K-1 losses!!!  The demise of these programs was not their losses but the change of the tax laws.   In this case , it is early and many things can change but it is possible that the new tax laws will may benefit equine owners.  It is too early to saw ---yet but very possible.

I am very sure these folks have qualified tax advisors.