Calculating Cash on Cash Renturn for Wholesale Deals?

[John Gusto]

Hello everyone my name is John and I'd like to get into wholesaling. I've been doing a lot of research and spoke to a couple of buy and hold investors in my area. One of them mentioned that he typically looks for a 15% Cash on Cash return. My question is, how would I calculate the CoC return wholesaling a duplex? Properties are typically bought cash so the amount of money the investor is putting down (plus repairs) is higher than someone who is financing, so the CoC would be a lot lower. How would I calculate that 15% CoC return? Also, would I use the current numbers the house is renting for or what it would be generating all fixed up? Any advice is greatly appreciated!