Duplex in Texas

[Joe Johnson]

I currently own half of a duplex and I currently receive about $1000 a month for rent on the unit. The owner of the other half is an investor and is looking to sell. The dilemma is the hard money lender is only willing to finance the deal if I deed my side of the property over as part of the deal. I really do not want to deed my side because I own it free and clear. What is my best course of action to take? 

[Tom Sanders]

If you don't like the terms that the hard money lender is offering you, there are a very large number of hard money lenders here in the DFW metroplex.  

Since you own your side free and clear, do a cash-out refinance and avoid a hard money lender all together. You will want to refi out of the hard money loan anyways, so cut them out up front.