Low mileage, 1983 RX7

This car has no dents and no rust. It does have quite a few rock chips on the nose. The guy I got it from had parked it in his garage 7 years ago and was going to make it into a race car but that never happened. I got it started today with fresh gas and a jump. It runs great and drives but it blows white smoke and green water out the tailpipe. I'm pretty sure thats not good but it should be a nice project car or parts car. I have a notarized title with a lien release for the car. I probably left out a few things so feel free to ask all the questions you want.