Real Estate Investment Company Structure

[Jon Silver]

I am looking to start a LLC for real estate investing and want to allow for investors to help me. I have a LLC for another company so I understand the ins and out of LLC, but not with investors. I own 100% of my other company. I want to create a LLC and ask others to help invest in properties and pay them a return, but not give them ownership of the property or the company. So they would get a set return, and I would own the asset and the company. So is this a common way to do this, and what is the typical return offered to investors? Also, if I needed to give ownership of property or company, how does this work?