EXHIBIT 1
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                        JOINT FILING AGREEMENT

     JOINT FILING AGREEMENT, dated as of May 15, 2001, by and between the
persons listed on the signature pages hereto.

     WHEREAS, each of the parties hereto beneficially owns Units of
Limited Partnership Interest (the "Units") of Resources Accrued Mortgage
Investors 2 L.P., a Delaware limited partnership (the "Partnership"); and

     WHEREAS, the parties hereto constitute a "group" with respect to the
beneficial ownership of the Units for purposes of Rule 13d-1 and
Schedule 13D promulgated by the Securities and Exchange Commission (the
"SEC").

     NOW, THEREFORE, the parties hereto hereby agree as follows:

     1.    The parties hereto shall prepare a statement containing the
information required by Schedule 13D with respect to their respective
interests in the Units (the "Schedule 13D") and any necessary amendments
thereto.  Each party hereto shall be responsible for the completeness and
accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness or accuracy of the
information concerning any other party contained therein, except to the
extent that he or it knows or has reason to believe that such information
is inaccurate.

     2.    Ben Farahi shall be designated as the person authorized to
receive notices and communications with respect to the Schedule 13D and any
amendments thereto.

     3.    Each of the undersigned hereby constitutes and appoints Ben
Farahi his or its true and lawful attorney-in-fact and agent, with full
power of substitution and resubstitution, for him or it and in his or its
name, place and stead, in any and all capacities, to sign the Schedule 13D
and any and all amendments thereto, and other documents in connection
therewith, to be filed with the SEC, granting unto said attorney-in-fact
and agent all power and authority to do and perform each and every act
requisite and necessary to be done, as fully to all intents and purposes as
he or it might or could do in person, hereby ratifying and confirming all
that said attorney-in-fact and agent, or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

     4.    This Agreement may be executed in counterparts, each of which
taken together shall constitute one and the same document.






















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     IN WITNESS WHEREOF, the undersigned have executed this Agreement as
of the date first above written.


                            WESTERN REAL ESTATE INVESTMENTS, LLC

                            By:  FARAHI INVESTMENT COMPANY


                                  By:  /s/ Ben Farahi
                                       --------------------
                                       Name:  Ben Farahi
                                       Title: Partner



                            FARAHI INVESTMENT COMPANY


                            By:   /s/ Ben Farahi
                                  --------------------
                                  Name:  Ben Farahi
                                  Title: Partner


                                  /s/ Ben Farahi
                                  --------------------
                                  Ben Farahi


                                  /s/ John Farahi
                                  --------------------
                                  John Farahi


                                  /s/ Bob Farahi
                                  --------------------
                                  Bob Farahi
































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