Exhibit (a)(3)

June 1, 2007

TO:         UNIT HOLDERS OF SECURED INCOME, LP

SUBJECT:    OFFER TO PURCHASE UNITS

Dear Unit Holder:

As  described  in  the  enclosed  Offer  to  Purchase  and  related  Letters  of
Transmittal   (the  "Offer")  the   Purchasers   named  in  the  attached  Offer
(collectively  the  "Purchasers") are offering to purchase up to 196,873.8 Units
of  limited  partnership  interest  (the  "Units")  in SECURED  INCOME,  LP (the
"Partnership") at a purchase price equal to:

                                 $7.50 per Unit

The Offer will provide you with an  opportunity  to liquidate  all, or a portion
of, your investment in SECURED INCOME,  LP without the usual  transaction  costs
associated with market sales or partnership  transfer fees. Reasons you may wish
to sell your Units include:

      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 20
            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 $7.50 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 purple 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  Depositary  at
800-854-8357.

This Offer expires (unless extended) July 6, 2007.