Starting out and looking to borrow from the bank...

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I'm looking at getting into some small real estate investment and trying to get an idea of what kind of money I'd have to work with.
We have about 100,000 dollars in equity in our home, thanks to some lucky timing and appreciation (although we've only knocked off about 15,000 from the mortgage). I've been told that banks will lend about 75% of your homes equity. So would it be accurate to say that we should be looking at properties in the 75,000 (+ whatever cash we have on hand) range or am I missing something?

Any insight/advice would be appreciated!

We live in Ontario, Canada, for what it's worth.

Thanks,
Sean