Exhibit (a)(4)






January 18, 2007


TO:                  UNIT HOLDERS OF SECURED INCOME, LP

SUBJECT:             CORRECTED OFFER TO PURCHASE UNITS
                     ---------

Dear Unit Holder:

You received an offer from us last week offering to purchase up to 492,185 Units
of limited partnership interest (the "Units") in SECURED INCOME, LP (the
"Partnership") at a purchase price equal to:

                                   $5 per Unit
                                   -----------

You may have noticed that we inadvertently dated the Offer January 12, 2006
instead of January 12, 2007. We regret this mistake, and we are mailing you this
letter to clarify that the Offer is indeed new this year. We have enclosed a
Letter of Transmittal with the correct date, although if you already mailed in
the Letter of Transmittal with the incorrect date, you do not have to mail in
the new one (although you may). We apologize for the oversight.

Again, you may wish to sell your Units to us for the following reasons:

     o    The contract for the sale of the Fieldpointe Apartments was terminated
          (AGAIN),  and the general partner is currently  trying to remarket the
          property.  This may take quite some time. The general partner has been
          trying to market  the  property  for at least 16 months and has yet to
          complete the sale.  We do not know why sellers keep backing out of the
          purchase.

     o    If you sell your Units to us, you will receive the entire $5 per Unit,
          less any  distributions  (and none is expected).  Limited partners who
          were not  residents of New York had  approximately  $4 per Unit of the
          recent distribution withheld for New York state taxes. If and when the
          Fieldpoint  property  sells,  the  Partnership  will  be  required  to
          withhold taxes from non-residents of Maryland, reducing the net amount
          of any potential distribution. Thus, selling to us eliminates the need
          for you to file a Maryland  tax return for 2007 if the sole reason you
          would is because of your investment in the Partnership.

     o    The relative  illiquidity of the Units resulting from the absence of a
          formal trading market makes the Units difficult to sell.

     o    If you sell your Units to us this year,  the 2007 tax year will be the
          final  year  for  which  you will be  obligated  to file a K-1 for the
          Partnership  with your tax  return  and for  which you incur  fees for
          having this investment in your IRA or retirement account.

After carefully reading the enclosed Offer, if you elect to tender your Units,
mail (using the enclosed pre-addressed, postage paid envelope) or fax (then
mail) a duly completed and executed copy of the Letter of Transmittal (printed
on pink paper) and change of address forms, your certificate (this is REQUIRED
FOR TRANSFER), and any other documents required by the Letter of Transmittal, to
the Depositary for the Offer at:

                         MacKenzie Patterson Fuller, LP
                               1640 School Street
                            Moraga, California 94556
                            Facsimile: (925) 631-9119

If you have any questions or need assistance, please call the Depository at
800-854-8357.

This Offer expires (unless extended) February 15, 2007.