Kelton,
I find one of the best thing to do when trying to make something that you aren't experienced with is reverse engineering, look at how the pros do it. The fastest electric consumer RC car that I know of is the Traxxas Xo-1, here is a link to it:
https://forums.traxxas.com/
Take a look, let me know if you've heard of Traxxas or similar brands before.
I was also into RC cars,
the biggest factor of speed in any RC car is almost definitely its CG (center of gravity), aerodynamics and it's motor/gearing system in my opinion. But if you plan on driving on a track, it's best to keep speed under control and instead focus on an RC car with good handling (combined with good speed). Anything too light weight will not get enough traction, either.
Are you planning on designing a 1/10 scale RC car for a dirt track e.t.c? The more specific your questions, the more able we'll be to give specific answers.