Selling a Machinegun Before Taking Form-4 Ownership???

[Laxguy59]

So if its not on form 3 I could sell it while my dealer is in possession?

You'll need to talk to your dealer about it since they may charge for the time it sits as a transfer, but you have legal ownership of it once you pay for it, just not possessory rights. Therefore you can sell the item if your dealer i willing to hold onto it for the time.

 

[TheSnail]

You'll need to talk to your dealer about it since they may charge for the time it sits as a transfer, but you have legal ownership of it once you pay for it, just not possessory rights. Therefore you can sell the item if your dealer i willing to hold onto it for the time.

Interesting! I did not think about it in that way (ownership vs possession rights). Thanks!

 

[zracin]

I just bought my registered micro uzi for 7k...just saying. They are rare, but hard to price accurately due to scarcity. If I can get 16k, ill be selling it the day my stamp comes in. As far as a plane, had you thought about a helicopter? A little more to learn as far a maintenance, but more versatile, and robinsons are getting cheap now. We had twin engine cessna growing up, and as far as I can remember, it was also very reliable and cheap to maintain.

 

[FrogMan]

now what am I going to do with all that 308 ammo I have been saving up for our shoot Snail

 

[TheSnail]

Micro for 7k? Thats crazy! I saw a horrific looking beat up one with a home made, welded on stock sell for 14k two months ago. If you have one semi decent, with a folding stock, you can get 16k all day long.

I looked up helicopters, but they are super expensive. Unless you get one of those tadpole/sperm looking ones, they are out of my price range. God those tadpole ones look horrendous.

 

[Zeake]

FAA rules on choppers make you replace blades after so many hours. Props last lots longer. If you get a plane get one with the emergency parachute. Press a button, float down nice and easy.

 

[TheSnail]

FAA rules on choppers make you replace blades after so many hours. Props last lots longer. If you get a plane get one with the emergency parachute. Press a button, float down nice and easy.

From what I have read, I'm pretty sure a Cub can glide down in the case of engine failure. They have a stall speed of under 40 knots. Now having a place to land in the situation is another story.

 

[Old_School]

So, a new idea came to me today. Sell my newest machine gun purchase, become a sport pilot for 5k, and buy a bush plane (Piper Cub) for 50-60k. I'm buying 20-50acres in north GA within the year. I also have an small airport 2miles away, where I can hanger the Cub. I am making a 200+ yard shooting range on the property, so now I' thinking of doubling up the purpose of the shooting range and making it a landing strip as well. It would be a pretty good plan if SHTF as well as transport and fun.
/QUOTE]

Wait. I thought you wanted to JUMP from a plane, not fly one.

I'm confused. :-/

 

[Zeake]

The chute lowers insurance rates.

 

[Dbodt]

Dude what happened to being a cowboy?