I'd flip him. For that low price, you can EASILY at minimum train him for open hunters/low jumpers and turn him at $30-40k by the time he's 6 or 7 with proper campaigning. That would open your purse strings for a more suitable jumper prospect later on.
Very seriously, even with a 2 year old - if you find a really good one you're going to spend well over $10k. Diamonds in the rough aren't much of a reality at the upper levels. Maybe once a blue moon.
The boarding thing is a biggie, tho. Course, you're really just looking at pasture board for the next 2 years until he's ready to get serious, but still...big decision. It's not so profitable to flip when you're boarding.
Very seriously, even with a 2 year old - if you find a really good one you're going to spend well over $10k. Diamonds in the rough aren't much of a reality at the upper levels. Maybe once a blue moon.
The boarding thing is a biggie, tho. Course, you're really just looking at pasture board for the next 2 years until he's ready to get serious, but still...big decision. It's not so profitable to flip when you're boarding.