Ellie and Jared: Hide and Seek....guess where Mommy is.....in bed! | Part #128

[HelloSweetie]

I could see Jared getting into investing or day trading with the money they made from YouTube and Instagram. They have to have something else generating income right now


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If they had money rolling in, they wouldn’t need to mortgage $960k.

Why do people find it so hard to believe when YTers overextend themselves? People argued for years that C&K must have more money than we think based on their spending. People who spend like that (and keep up with the Joneses) generally care more about the appearance of having money than they do actually having any. People that have money saved, properly invested and in the bank don’t care what others think. They know they are doing just fine.


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[HelloSweetie]

Did some sleuthing and found some info....

Bonnie is the only owner listed for Bollie. No record of Ellie being on it AT ALL.

Jared and Joel have a company together, but it appears Joel is the primary.

The Logan “property” doesn’t show up as a holding of Jared or Ellie’s. I’m guessing they made Joel and Bonnie sell or buy them out.

They sold the Ice Palace to a trust in their names about 6 months before they actually sold it. It sold for $500k. Given how much money they put into it this was at a significant financial loss to them. Selling and moving was a terrible financial decision meaning that if they chose to do it, it was likely just so Ellie could manipulate Jared into another new build.

They have taken out a MORTGAGE on the new build for $960k!


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Is there more than 1 property? I've been a little out of the loop for awhile, but I did find 17 acres that has B&J and E&J listed.

$960k? Holy....how? Why?

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I did an comprehensive records search on both couples and it didn’t show up. Maybe I just missed it? PM me the info and I’ll compare it to what I’ve found. Could be they recently sold...


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[131618]

It really is mind-boggling to me the way they dropped the ball with these house videos. Like, I guess they haven't gotten far yet, but the poor way they've done things so far makes it seem like this is how it will continue as well. They really had a good chance here to put out videos people would actually watch. But instead they are putting out a shit video every couple of months that is mostly them talking, Ellie smirking about getting whatever she wants, and no real content!

It's definitely a possibility that their absence could be because of pregnancy, or maybe another miscarriage. But I think mostly they're lazy and don't like to work.

Lazy and don't work is code for Ellie *intentionally* living her life has she announced this year's word yet?

No offense meant to any of you that have a word but I don't get that at all. I can't narrow down my yearly goals or intentions to one word and Ellie just uses it to excuse her whiny/selfish behavior

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[HelloSweetie]

This years phrase of Ellie’s is no doubt “I want.”

They just purchased 12 acres of land with B&J near Logan. I guess this next home won’t be their “forever home” either.


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[Ducklings4]

This years phrase of Ellie’s is no doubt “I want.”

They just purchased 12 acres of land with B&J near Logan. I guess this next home won’t be their “forever home” either.


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Every year her phrase is "I want". The Griffiths girl's mo is instant gratification.


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[ba1006]

This years phrase of Ellie’s is no doubt “I want.”

They just purchased 12 acres of land with B&J near Logan. I guess this next home won’t be their “forever home” either.


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I thought Ellie didn't want to live near Logan due to the cold weather. Besides, where do they get the money to purchase additional land when they just took out a nearly $1M mortgage for their sand castle? Did YouTube pay so much that they could save up? Looks like neither one of them works and they hardly ever post anymore.

[Kylielou]

This years phrase of Ellie’s is no doubt “I want.”

They just purchased 12 acres of land with B&J near Logan. I guess this next home won’t be their “forever home” either.


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I thought Ellie didn't want to live near Logan due to the cold weather. Besides, where do they get the money to purchase additional land when they just took out a nearly $1M mortgage for their sand castle? Did YouTube pay so much that they could save up? Looks like neither one of them works and they hardly ever post anymore.

Personally I think the only reason Ellie's name is on Bonnie's new land is because Bonnie's finances are so intertwined and her cash was probably tied up completing the Meth House. Bonnie probably pulled funding from the old land or from Bollie for the downpayment on the new lot. I doubt Bonnie can pull a construction loan with Ellie's name on the new land unless they can just cash flow the new build in a few years. Why they keep holding onto the old land and making things so confusing is beyond me unless they can't sell it for what they paid for it. I sure hope they have a lawyer involved in all of this.

[HelloSweetie]

I've been watching alot of US financial investers/planners on You Tube lately and they say it actually isn't true that it's harder to get financing for a mortgage if you're self employed. You just need the right combination of assets to borrow off of, proof of an income and a good relationship with your bank.

For the properties they are purchasing with B&J those are more secured because B&J are on it with them and don't have a $900k mortgage loan. Plus I'm sure they are going to sell off that other lot since it's useless. A property invester Joel is not. They all really need to stop trying to feed their egos and just purchase a car wash or something together, manage it and work at it. Or rental properties for passive income! That doesn't look fantastic though, and they need the hype.

[HelloSweetie]

This years phrase of Ellie’s is no doubt “I want.”

They just purchased 12 acres of land with B&J near Logan. I guess this next home won’t be their “forever home” either.


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I thought Ellie didn't want to live near Logan due to the cold weather. Besides, where do they get the money to purchase additional land when they just took out a nearly $1M mortgage for their sand castle? Did YouTube pay so much that they could save up? Looks like neither one of them works and they hardly ever post anymore.

Personally I think the only reason Ellie's name is on Bonnie's new land is because Bonnie's finances are so intertwined and her cash was probably tied up completing the Meth House. Bonnie probably pulled funding from the old land or from Bollie for the downpayment on the new lot. I doubt Bonnie can pull a construction loan with Ellie's name on the new land unless they can just cash flow the new build in a few years. Why they keep holding onto the old land and making things so confusing is beyond me unless they can't sell it for what they paid for it. I sure hope they have a lawyer involved in all of this.

They took out a mortgage to complete the meth house. It looks like they paid for the land off their home line.

B&J have more equity than E&J, they don’t need them on a loan to secure it. Plus they are making more than E&J (and spending less) at this point. (They are both still spending A LOT though).


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[YTIG60]

I could see Jared getting into investing or day trading with the money they made from YouTube and Instagram. They have to have something else generating income right now


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If they had money rolling in, they wouldn’t need to mortgage $960k.

Why do people find it so hard to believe when YTers overextend themselves? People argued for years that C&K must have more money than we think based on their spending. People who spend like that (and keep up with the Joneses) generally care more about the appearance of having money than they do actually having any. People that have money saved, properly invested and in the bank don’t care what others think. They know they are doing just fine.


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I don't disagree they've overextended themselves, but how do financial institutions approve their large mortgage amount even with low-interest rates. It is shocking. However, C&K did obtain a mortgage and a second mortgage that was simply insane. I guess it explains how we ended up in a housing crisis back in 2008.

On another note, did Joel's initial meth house purchase done with savings or a credit line? I can't image Bonnie too happy taking out a mortgage for the meth house. While she does spend, Joel's investment type spending on land and a home is on another level I am surprised to see. In an earlier E+J podcast, Joel said he wanted to keep his present home if they built or purchased a new home. I doubt that is possible now?

[HelloSweetie]

On another note, did Joel's initial meth house purchase done with savings or a credit line? I can't image Bonnie too happy taking out a mortgage for the meth house. While she does spend, Joel's investment type spending on land and a home is on another level I am surprised to see. In an earlier E+J podcast, Joel said he wanted to keep his present home if they built or purchased a new home. I doubt that is possible now?

Joel and Bonnie took a mortgage out on their existing home as a revolving lime of credit of $200k. (Their house appears to have been paid off before that). This was in Jan 2020.

In mid-Feb 2020 Joel purchased the meth house with cash for $207k in his name alone. No doubt using the cash from the home LOC. The remodel must have cost more than they could cash flow because in Dec he mortgaged the meth house for $175k, again in his name alone. That house is now for sale, so it doesn’t appear he did this to rent it out. They purchased the new property two weeks ago so no doubt they needed access to the home line credit again to purchase that.

I assume they paid cash for the other two properties with E&J since they aren’t showing up on the financial search I’m using. Could be E&J used some of the 900k they have borrowed for the new house to cover the new property until the old one sells.


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[ba1006]

On another note, did Joel's initial meth house purchase done with savings or a credit line? I can't image Bonnie too happy taking out a mortgage for the meth house. While she does spend, Joel's investment type spending on land and a home is on another level I am surprised to see. In an earlier E+J podcast, Joel said he wanted to keep his present home if they built or purchased a new home. I doubt that is possible now?

Joel and Bonnie took a mortgage out on their existing home as a revolving lime of credit of $200k. (Their house appears to have been paid off before that). This was in Jan 2020.

In mid-Feb 2020 Joel purchased the meth house with cash for $207k in his name alone. No doubt using the cash from the home LOC. The remodel must have cost more than they could cash flow because in Dec he mortgaged the meth house for $175k, again in his name alone. That house is now for sale, so it doesn’t appear he did this to rent it out. They purchased the new property two weeks ago so no doubt they needed access to the home line credit again to purchase that.

I assume they paid cash for the other two properties with E&J since they aren’t showing up on the financial search I’m using. Could be E&J used some of the 900k they have borrowed for the new house to cover the new property until the old one sells.


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I'm still confused as to why Ellie and Jared's names are on the property that Bonnie and Joel are obviously going to build on. I wonder how much work Bonnie will allow Joel to do on her dream house. He won't be cutting corners there that's for sure.

[YTIG60]

Joel and Bonnie took a mortgage out on their existing home as a revolving line of credit of $200k. (Their house appears to have been paid off before that). This was in Jan 2020.
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Times have changed if Joel needed to take out a line of credit from their present home for any type of spending. I would be furious with Joel investing in the meth house with money he needed to borrow since he had no experience in flipping houses and just way too much money to risk on his lack of skills. Add to this, they took out a mortgage to flip the house. Where has all their money gone?
E+J must have approached Bonnie and Joel to get out of the land purchase since they needed cash and had no need for the property, but to sell it might be a problem or take time. These two couples were pretty close at the time, but does Bonnie hold anyone responsible for bailing on Bollie and the land investment that Joel wanted. I imagine Joel still wants this land for recreational use.
Going forward, I question if Bonnie will keep Bollie going. Depending on YouTube, things are not looking too good when an old vlog is their number one trending vlog->bot view? While Joel wasn't editing, MERMAID CAVE, an old not popular topic vlog, didn't see any views. If they don't improve the vlog content, their channel will continue downward. These are dismal view numbers.

MERMAID CAVE (VPN=Views Per Hour)
Bonnie Hoellein • 4 years ago
59.6M views • 1,494 VPH

I Need a NAP & a COOKIE
Bonnie Hoellein • 20 hours ago
11.7K views • 940.4 VPH

Small Bathroom Refresh!
Bonnie Hoellein • 3 days ago
35K views • 390.7 VPH

[HelloSweetie]

Joel and Bonnie took a mortgage out on their existing home as a revolving lime of credit of $200k. (Their house appears to have been paid off before that). This was in Jan 2020.

In mid-Feb 2020 Joel purchased the meth house with cash for $207k in his name alone. No doubt using the cash from the home LOC. The remodel must have cost more than they could cash flow because in Dec he mortgaged the meth house for $175k, again in his name alone. That house is now for sale, so it doesn’t appear he did this to rent it out. They purchased the new property two weeks ago so no doubt they needed access to the home line credit again to purchase that.

I assume they paid cash for the other two properties with E&J since they aren’t showing up on the financial search I’m using. Could be E&J used some of the 900k they have borrowed for the new house to cover the new property until the old one sells.


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I'm still confused as to why Ellie and Jared's names are on the property that Bonnie and Joel are obviously going to build on. I wonder how much work Bonnie will allow Joel to do on her dream house. He won't be cutting corners there that's for sure.

A couple years ago when Jared and Joel purchased the 17 acre property, they were all excited and the plan was to all build together and be neighbours. The plot of land hadn’t been developed on though because it was a lemon (much like E&J’s rock quarry site). A “good deal” is rarely as good as it seems and Jared and Joel don’t seem to understand that.

No idea why E&J would be building in SG but also planning on eventually settling in Logan, but I’m sure it comes down to keeping up with the Joneses. Ellie can build her fancy home in a SG suburb, but what good is that if B&J build a nice house on 12 acres? It’s all just one big competition.

Could be the properties are being purchased with Bollie money (which is solely in Bonnie’s name). Maybe this is a way to pay E&J but avoid paying tax? I don’t know enough about the US tax system to know the loopholes and cheats. They sold their Logan house to a trust in their names prior to the SG move though, so I think they are all about the cheats and loopholes!


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[YTIG60]

Could be the properties are being purchased with Bollie money (which is solely in Bonnie’s name). Maybe this is a way to pay E&J but avoid paying tax? I don’t know enough about the US tax system to know the loopholes and cheats. They sold their Logan house to a trust in their names prior to the SG move though, so I think they are all about the cheats and loopholes!


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I am sure they all have good accountants and/or tax attorneys that also made sure they were first in line for PPP loans.
But I think the money train is coming to an end.

[HelloSweetie]

Bollie is nothing but merch.

Oh and in my sleuthing these guys have companies for everything. E+J Productions, E+J JR Productions, JJ Entertainment (Joel and Jared), The Griffith Family LLC (that I assume was for the cookbooks), Mountaincraft Estate LLC (with Jared’s siblings, pretty sure this was to buy the parents house in Logan and possibly to protect assets during the bankruptcy) and a Family Trust they use to acquire their mortgages.

Jared was also listed on a UCC Filing lein for the Mecham Co back in 1997. He was NINE. I think we’ve given Jared’s parents too much credit for their common sense and ethics. It’s possible they are no better than the Griffiths.

If anyone is good at interpreting data and doing a deep dive, pm me. I’m happy to compile screenshots!


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[ba1006]

Joel and Bonnie took a mortgage out on their existing home as a revolving lime of credit of $200k. (Their house appears to have been paid off before that). This was in Jan 2020.

In mid-Feb 2020 Joel purchased the meth house with cash for $207k in his name alone. No doubt using the cash from the home LOC. The remodel must have cost more than they could cash flow because in Dec he mortgaged the meth house for $175k, again in his name alone. That house is now for sale, so it doesn’t appear he did this to rent it out. They purchased the new property two weeks ago so no doubt they needed access to the home line credit again to purchase that.

I assume they paid cash for the other two properties with E&J since they aren’t showing up on the financial search I’m using. Could be E&J used some of the 900k they have borrowed for the new house to cover the new property until the old one sells.


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I'm still confused as to why Ellie and Jared's names are on the property that Bonnie and Joel are obviously going to build on. I wonder how much work Bonnie will allow Joel to do on her dream house. He won't be cutting corners there that's for sure.

A couple years ago when Jared and Joel purchased the 17 acre property, they were all excited and the plan was to all build together and be neighbours. The plot of land hadn’t been developed on though because it was a lemon (much like E&J’s rock quarry site). A “good deal” is rarely as good as it seems and Jared and Joel don’t seem to understand that.

No idea why E&J would be building in SG but also planning on eventually settling in Logan, but I’m sure it comes down to keeping up with the Joneses. Ellie can build her fancy home in a SG suburb, but what good is that if B&J build a nice house on 12 acres? It’s all just one big competition.

Could be the properties are being purchased with Bollie money (which is solely in Bonnie’s name). Maybe this is a way to pay E&J but avoid paying tax? I don’t know enough about the US tax system to know the loopholes and cheats. They sold their Logan house to a trust in their names prior to the SG move though, so I think they are all about the cheats and loopholes!


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Oh - maybe they plan on using the new 12 acres for a new house AND Bollie headquarters. This way they can get some type of tax break. This would make sense why E & J are on the deed. My BIL is a Pastor and uses his house as a place of worship and gets so many exemptions.

[Kylielou]

I did an comprehensive records search on both couples and it didn’t show up. Maybe I just missed it? PM me the info and I’ll compare it to what I’ve found. Could be they recently sold...

HelloSweetie I sent you a pm.

[131618]

....what is going on in that botoxed head?? How does any of this correlate?? Her posts make my brain hurt

20210212_124022.jpg

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[imoverit]

Anyone hear Jared at the end of this new video basically say "please no one come and steal all this expensive equipment I'm leaving outside for months, please" lol