BEVERLY HILLS, CALIFORNIA: 'The Real Housewives of Beverly Hills' actress Lisa Rinna and her husband Harry Hamlin may be wealthy but they took out $4.3 million in mortgages on their property, according to The Sun. The reality TV couple purchased their Beverly Hills property for an unknown sum more than 20 years ago and it has five bedrooms and four bathrooms.
"I'll do anything to make a buck!" Lisa from 'RHOBH' famously quipped. According to internet speculation, she may need to up the ante on her business mentality. Suspicious minds have discovered some weird financial activity around Lisa's multi-million dollar property, which she shares with her husband, Harry, according to the Internet. There have also been some strange Hamlins real estate deals that have contributed to this hypothesis. All of this raises the issue of whether the Hamlins are truly as glamorous and affluent as they appear to be, despite their jet-setting lifestyle and garage full of couture clothes.
Hamlins take out another loan on their $4.9M Beverly Hills mansion
The Hamlins have burdened it with three massive house loans over the previous five years while they reorganized their finances. According to property documents obtained by The US Sun, the first was for $2,833,000 in August 2018, the second for $617,000 in August 2019, and the final for $930,000 in April of this year.
According to realtor sites, the opulent home is now valued at roughly $4.9 million, but the $4,388,800 in debt practically wipes out the couple's equity. All the loans were taken out with City National Bank, dubbed "Bank of the Stars" by experts because of its reputation for making large loans to celebrities.
Lisa previously disclosed that the pair married on March 29, 1997, in an intimate ceremony in the garden of the residence, with chandeliers covering the trees. According to LA Home, Harry had the house constructed from the ground up in 1986, with a French Provincial style and vintage furniture that allowed it to "mature like a fine wine."
"Harry built the house so that you don't have to take your shoes off," Lisa previously told the magazine. "I wanted to build a house that got better as it got older. The idea is that the chips and cracks that accumulated over time would add to the effect, so it matured like a fine wine. I didn't want it to look new all the time."
It was formerly a smaller house with an overgrown backyard where singer Bonnie Raitt lived, and Quincy Jones has also rented the home Harry planned and restored. Lisa and her husband have two children, Delilah Belle and Amelia Grey, who grew up in a house that is now full of family memories. According to LA House, their property merges into Franklin Canyon Park, a rolling woodland with hiking trails adjacent to actor Jack Nicholson's house.
Harry earlier mentioned the number of golf balls littered around their property and in the canyon below, saying, "I've had a handful of Jack Nicholson's balls." The sprawling estate spans more than 4,000 square feet, and Harry has been seen on 'RHOBH' preparing pies in the two-stove kitchen with a wide island ideal for family gatherings.
Hamlins tried to sell off family property in Canada
Amelia, the Hamlins' youngest daughter, uploaded an Instagram story in 2021 showing her famous parents skinny-dipping in a hot tub on their vacation property in Canada. According to real estate rumors, the family attempted to sell the home at one time, despite the fact that it had passed through five Hamlin generations. That agreement has fallen through, but Internet sleuths discovered that instead of selling the cottage, the Hamlins have opted to sell off the surrounding acreage.
According to several internet reactions, the Hamlins are looking for generational riches. While they are rich, they are not on the same level as Lisa's 'RHOBH' co-star Kathy Hilton, who married into the Hilton family, or the Trumps. Perhaps selling the land while maintaining the property allows the Hamlins to keep their summer home while saving money for the next generation.
In an unexpected twist, a retired entrepreneur and blogger who appears to be familiar with the Canadian area may have some insight into why Hamlin's family land continues to vanish. According to his blog, the cause is most likely due to rising property taxes on beachfront residences. So while the Hamlins' net worth isn't in the billions, they do appear to live in their multi-million-dollar Beverly Hills mansion and have a lakefront house in the Canadian wilderness to vacation in.
