I bought a Yamaha tr7 recorder about a month ago for $50 on eBay. It works for what I need. I just needed something better than my cell phone (which it definitely is) for playing back my practice sessions. It has an overdub feature but I've never used it. It also comes with software that looks really complicated so I haven't messed with it much.
Just a suggestion for cheap stereo recordings that sound pretty decent.
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