New to BP from Mississauga, Ontario, Canada

[Ryan Teixeira]

Hello, my name is Ryan Teixeira and I am new to Bigger Pockets having found the site from a mention on reddit. I have currently gone through the first 25 or so Podcasts in the last couple weeks, loving it so far. I currently do not own real estate but did sign on a pre-con condo before finding BP...ugh. I am from Mississauga, ON but am interested in investing in the Hamilton, Barrie, or Kitchener Waterloo Cambridge tri city area. Basically I would like to invest in up and coming neighbourhoods which are undervalued (if such a thing exists with GTA house prices being significantly higher than USA). Before finding BP I recently bought into a pre con 1+1 condo in the Yorkdale area. I am sort of regretting it now as I could use that capital to purchase something with immediate cash flow rather than having it sit for 2 1/2 years! However, I did manage to get multiple exit strategies: $0 assignment and a leaseback from the builder to rent it out. Could flip it or rent it. It would be pretty much cash flow neutral / slightly positive. Area is appreciating at 7-8% last 5 years which can't sustain, but will see some appreciation. I would appreciate some direction on where to go from here, that's why I'm opening up on bigger pockets. Thanks! Anyways...sorry for the novel, and hello BP community :)