Turbo smokes when first started at high throttle
 

Hey, I just bought a 1995 Mitsubishi Eclipse GS-t. I only paid 500 and I am needing a little help. The turbo itself is blowing out smoke when I first start it and get on the throttle then after a short while it stops. This is my first turbo car and really need some help. My dad used to race and he said it could be that the turbo is burnt out or the seals are going bad.. or because of the position that it could even be coming from the exhaust. Anybody have any ideas that can help me figure this outso i can get it up and running asap.