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I find that many people shy away from building back links to their website. People have said that if you have lots of links going out from your website that you could get banned from the search engines. I don't think that is the case because if that were so, if you didn't like the guy over the abcdefg.com you could send lots of off colored links to his website and get him banned. You have no control over who puts a link to your website and what they are going to say about your site.
Buying a domain name that has been out there for a while is a good thing to do. But if you go out and buy a domain name, put up a website you're not going to have 30,000 links going to it over night. That doesn't happen in nature and that's what you want to do, replicate what happens in nature.
This the end of - Link Building