I thought of starting up several websites and was considering buying domains with existing PR. I'm not entirely sure how this process works as I've only bought new domains up to this point. Anyone has any advice on what I should look out for when buying a domain with a PR (is that what you call you?) and how I should get started? Thanks!
Buying a site with existing PR really only tells you it hasn't been banned by Google. Other than that if you have content similar to what was on the previous web site and can either keep or replace most of the backlinks then you should be able to keep the PR and build from there. It's nice because you can avoid the 'sandbox' but if you're content is entirely different and you lose the backlinks you'll lose the PR anyway.
You ought to look for a good name and also find out suitable reasons for being sold out. Then analyse yourself- Is it possible for you to update the site regularly, otherwise the PR may get dropped down in the ensuing updating process. Otherwise, you can buy a domain with PR to avoid Sandbox.
I was thinking the same thing myself .. read some horror stories on digital point .. thanks for the tip!