How To Start a Syndication ?

[Christopher Lynch]

I recently watched an episode of BiggerPockets where the guest discussed how he started a real estate investment company and buys commercial properties with 0% down. While I understand the basic structure of General Partners (GP) and Limited Partners (LP), I was under the impression that GPs always had to put 'skin in the game.'

I have 10 years of experience in retail real estate and a couple of partners who are interested in investing with me. I also have some capital to contribute.

Could someone explain how syndications are typically structured, and how are people using Other People's Money (OPM) to build large portfolios with little to no money down?