Exhibit (a)(3)

                     WESTERN REAL ESTATE INVESTMENTS, LLC
                             1175 West Moana Lane
                                  Suite 200
                              Reno, Nevada 89509

                               October 14, 2002

                          OFFER TO PURCHASE FOR CASH
                         LIMITED PARTNERSHIP UNITS OF
                  RESOURCES ACCRUED MORTGAGE INVESTORS 2 L.P.
                           FOR $70 PER UNIT IN CASH


Dear Limited Partner:

     We have begun a tender offer to purchase limited partnership units of your
partnership for $70 per unit. Our offer is being made pursuant to the enclosed
Offer to Purchase, which sets forth all of the terms and conditions of the
offer. Please carefully review the Offer to Purchase prior to making a decision
whether or not to tender your interests. The offer is scheduled to expire at
12:00 midnight, New York City time, on December 10, 2002, unless otherwise
extended. You will not be required to pay any fees, commissions or partnership
transfer fees, which could total between $250 and $400, in connection with any
sale of your units pursuant to our offer.

     Our offer provides you with liquidity.  If we purchase your tendered
units, you will receive cash, but you may recognize a gain or loss for federal
income tax purposes. If you retain your units, you will continue to be a
limited partner. However, you may not be able to liquidate your investment
until the partnership terminates.

     As with any investment decision, there are benefits and detriments to you
from accepting or declining our offer. The general partner of your partnership
is remaining neutral and makes no recommendation as to whether you should
tender or refrain from tendering your units in any offer.  The general partner
believes that you must make your own decision whether or not to participate in
any offer, based upon the factors described in the Offer to Purchase.

     The general partner of your partnership is our affiliate. As a result, it
has substantial conflicts of interest with respect to our offer. This conflict
may affect the general partner's ability to reconcile our interests with those
of the other limited partners, particularly in assessing the fairness of our
offer price. We seek to purchase units at a low price, but you desire to sell
units at a high price. In addition, your general partner and another of its
affiliates are entitled to receive fees for certain transactions involving the
partnership and its assets.

     If you desire to tender any of your units in response to our offer, you
should complete and sign the enclosed acknowledgment and agreement in
accordance with the instructions set forth in the letter of transmittal. The
signed acknowledgment and agreement and any other required documents should be
sent to the Depositary, American Stock Transfer & Trust Company, prior to the
expiration of our offer. The addresses for the Depositary are 59 Maiden


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Lane, New York, New York 10038 or by overnight courier service or by hand at
6201 15th Avenue, Brooklyn, New York 11219 -- Attention: Reorg. Department -
RAM 2.

     If you have any questions or require further information, please call our
Information Agent, MacKenzie Partners, Inc. toll free, at (800) 322-2885.


                              Very truly yours,


                              WESTERN REAL ESTATE INVESTMENTS, LLC














































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