EXHIBIT 31.2

                           SECTIONS 302 CERTIFICATION


I, Wanda E. Wages, certify that:

(1) I have reviewed this Form 10-QSB for the quarter ended June 30, 2006 of Del
Mar Income Partners, Ltd.;

(2) Based on my knowledge, this report does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the small business
issuer as of, and for, the periods presented in this report;

(4) Del Mar Income Partners, Ltd.'s other certifying officer and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
over financial reporting (as defined in Exchange Act Rules 13a-15(f) and
15d-15(f)) for Del Mar Income Partners, Ltd. and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to Del Mar Income Partners, Ltd., including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

(b) Evaluated the effectiveness of Del Mar Income Partners, Ltd.'s disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(c) Disclosed in this report any change in Del Mar Income Partners, Ltd.'s
internal control over financial reporting that occurred during Del Mar Income
Partners, Ltd.'s most recent fiscal quarter that has materially affected, or is
reasonably likely to materially affect, Del Mar Income Partners, Ltd.'s internal
control over financial reporting; and

(5) Del Mar Income Partners, Ltd.'s other certifying officer and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to Del Mar Income Partners, Ltd.'s auditors and the audit
committee of Del Mar Income Partners, Ltd.'s board of directors (or persons
performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect Del Mar Income Partners, Ltd.'s ability to record,
process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in Del Mar Income Partners, Ltd.'s
internal control over financial reporting.


Date:  August 14, 2006
                                           /s/ Wanda E. Wages
                                           -----------------------------
                                           Wanda E. Wages,
                                           Secretary and Treasurer
                                           (Principal Financial Officer)


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