Holding Rental in LLC or Trust

[Jonathan C.]

Hi guys- These are my 2 options for refinancing a 2 unit rental property. The shorter amortization gives me less cash flow by about $700/mo but can keep it in LLC and be more protected, or better cash flow but have to put it in trust (can't transfer to LLC) which opens me up to more possible issues if I get sued.

Have to put in trust because I don't want to risk damaging relationship with the bank by transferring to LLC after closing.

Basically, would you rather:

1- have 30 year, 5.2% interest loan, fully amortized, BUT have to hold property in personal name or in trust

or

2- have 20 year, 5.25% interest loan, fully amortized and be able to keep property in LLC

Any opinions?

Thanks