EXHIBIT 31.2

                           SECTIONS 302 CERTIFICATION

I, Wanda E. Wages, certify that:


(1) I have reviewed this Form 10-QSB for the quarter ended September 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:  November 14, 2006
                                           /s/ Wanda E. Wages
                                           -----------------------------
                                           Wanda E. Wages,
                                           Secretary and Treasurer
                                           (Principal Financial Officer)


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