I needed some directions to work on my problem. I would like to have buddypress installed on my site so that every user is able to see a link blog on his/her profile thorugh which they can post their own blog post. Is this something doable with wordpress and buddypress? Any help is much appreciated.
It sounds like what you need is WordPress MU not BuddyPress; BuddyPress is more like a social network type plugin with profiles, but if you're talking about your users making a blog with blog post then WordPress MU is the way you want to go.