Paying Off House Hacks

[Khalid Haynes]

Hello All, 

I'm leaning towards the strategy of house hacking and focusing on paying off the mortgage of the house within 5-10 years.   I'll be paying it off with my wife. We are 28 and on buying in about 3-4 years (we are saving right now). We are thinking of house hacking and only purchasing a property that could potentially cashflow  $1000 or more each month. Then we'll do another house hack and use the cash flow  from the paid off property and some of our income to pay off the second house hack - rinse and repeat - until we don't want to anymore. Our goals are to have a house or two to pass down to our children that is paid off and make some passive income on the side that will allow one for one or both of us to work part time rather than full time. I'm wondering if anyone here has taken this path or currently on it. Would love to hear insight. We'll mostly house hack in the nj area and be working in nyc. Thank you in advance for feedback.