Engine needs a rebuild?

What you're experiencing isn't blowby. Blowby is when compression gets past the rings into the crankcase. That's not what's happening. You're getting oil past the rings into the combustion chamber and it's burning and going out the exhaust. Only a few things can contribute and the most likely is worn rings, valve stem seals and or valve guides. The PCV system being inoperative can also cause some, but it will not be as pronounced. Does it smoke heavily on acceleration? If it does, that's most likely worn rings. Has the car sat up for any length of time?
Before I purchased it did sit. I put less that 1k on it