Active Real Estate Investors: Parker Stine

FlipPilot is a real estate investing group for active investors to network and share business tips. It’s a fast growing social group where any real estate investor is welcome! We really love how active this group is. There are always investors posting news about their flips, deals that are ready to sell, and hot leads available all over the country.

We love these posts so much that we’re highlighting some of our most active members and what their businesses are up to! Interesting in joining the FlipPilot real estate investing group? Click the button below to be taken to the page. We’re excited to have you as part of our fast growing community! 🙂

Parker Stine is one of the newer members to our real estate investing group, but has been kicking butt! Here’s what he has to say on his business and first flip deal!

I became interested in real estate once I got into network marketing while I was in the Navy back in 2014. As part of my education for my network marketing business I had to read Rich Dad Poor Dad, Business of the 21st Century, and The Magic of Thinking Big. Well those books just changed the game. They totally opened up my thought process to a new way of thinking that I always was curious about.

It was somewhere hardwired in my brain and, somehow, I just didn’t know how to get it out or bring it out of myself. I didn’t know that these books existed! Reading those books and having the leaders in our network marketing business speak on subjects that just drew me in about being financially free and having passive income and letting your money work for you so you can quick trading your time for money. I couldn’t get enough of it. So for a while, real estate was in the back of my head as something I wanted to pursue but didn’t know where to start. I guess I was kind of scared about taking the leap, as a lot of people are.

Fast forward a little bit. Now, I’m in business with my dad, Scott Stine, and my brother, Hunter Stine. We decided to have a family business about 8 – 10 months ago in fall of 2017. I had been searching for previous 6 months for a private money lender and kind of mentor that had investing experience to learn from. Coming from the low income area where we came from, I didn’t know any lenders. I didn’t even know what to look for. Instead of wasting time trying to find someone to learn from, I decided to learn for myself and got information from CD’s and podcasts.

I went to my parents and presented them with kind of a business plan for us. We all have kind of a financially free mindset and have been taught the “rich dad” mindset. We are always looking to make passive income, so we started looking for a home. It took us roughly 8 months to find a property. We went though 4 or 5 deals where we deal with a crooked real estate agents or contractors. We learned a lot in a quick time frame and finally ran upon the house we just closed on! This was our first deal and we are extremely excited. Obviously, we were all new to this, so we didn’t formally have an LLC or website yet, but it’s a work in progress.

Our first deal was a long journey to get to. We actually made an offer on it previously a couple months prior, but the seller was a little stubborn in working with us. So I gave her time and eventually went back after it. Still didn’t sell. On Wednesday, June 16th, we finally closed on our first deal! It’s a cape cod style home with 3,300 square feet, 5 bedrooms, and 3 baths. It’s in a well established neighborhood with colonial and victorian style homes. A little bit of old money, as some would say. It’s a big home for a first time flipper, but the numbers are there and we just couldn’t pass up that deal. We look to make about 30% – 40% return, and look to have it on the market by August. We are working everyday until midnight to get this house right, and are looking forward as we await the final project.

We look to broaden our horizon after this flip and get into multi-family as well. I want to eventually have several single and multi-family projects going, so the money will become passive. I want to be able to help people along the way and hope to open their mind the way this industry has opened mine. It has changed my life. I’m just getting started, but I know it will be rewarding for me and my family and I’m really looking forward to seeing it grow. I hope this helps at least one person. I enjoy meeting like minded people to run with, so feel free to friend me and message me on Facebook!

If you want to network with other active real estate investors and join the Flip Pilot real estate investing group, click here and send a request! We’d love to have you. This is one of the fastest growing groups for active real estate investors. Members frequently share business advice, tips and trick of the industry, andthey post available deals all across the country! Networking just got a whole lot easier with the Flip Pilot real estate investing group. See you there!