From Property Talk Community Wiki

Double Settlement

Double settlement is considered one of the ultimate trading strategies as it requires no money be invested by the trader.

The trader finds a property and agreed to purchase it. The trader then finds another party to on sell it to at a higher price. The trader arranges for both settlements to (buying then onselling) to occur on the same day, thus not needing to arrange any finance to purchase the property.

This strategy avoids the potential legal issues of assignment.