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Check out this thread on the AR-15 Discussion forum. You can come away with a very nice AR-15 for well under $1000.

You can buy everything you need online. The lower receiver (finished or unfinished) is considered the actual rifle by law, so you will need an FFL to get one online. Or, buy a lower at a local gun store or gun show as you would any other long gun.

I recommend you be sure of the laws where you live to be sure what you're building is legal for your locale.
 
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