Well first off you're whole notion of using a parachute won't work, you need to get a kiteboarding kite which are much more than $70. But I havent tried it, never had the desire to I'll either kite or I'll ski. but if you want to get into kiteboarding and are in NJ i would reccomend Island surf and sail they're pretty stoked on kiting (
http://www.islandsurf-sail.com/) If you havent kited before get a lesson for sure.