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Any belt sander you buy that isn't a 2x72" will be a stop gap measure. There are a few other sanders that guys manage to use for a while but sooner or later it has to be a 2x72". If you're a handy type you can build your own, plans are available. If you buy, a Grizzly is where most guys start.
A good drill press isn't cheap but you can get by at first with a cheapie.
And, of course, there's always the possibility of finding something used.
It might be wise to start simply with files and sand paper. You'll need them eventually anyway and you'll need the skills that come from using them. Maybe build a few kit knives first, good way to find out if you really need to spend more money. Knife making is not a cheap hobby ...
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