UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549  FORM 10-KSB/A No. 1  [X]   ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended December 31, 2007  [ ]    
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934  For the transition period  _________to _________  Commission file number 0-13112  REAL ESTATE ASSOCIATES LIMITED VI (Name of small business issuer in its charter)  California
95-3778627(State
or other jurisdiction of
(I.R.S.
Employerincorporation
or organization)
(Identification
No.)  55 Beattie Place, PO Box 1089 Greenville, South Carolina  29602 (Address of principal executive offices)  (864) 239-1000 Issuer's telephone number  Securities registered under Section 12(b) of the Exchange Act:  None  Securities registered under Section 12(g) of the Exchange Act:  Limited Partnership Interests (Title of class)  Check whether the issuer is not required to file
reports pursuant to Section 13 or 15(d) of the Exchange Act [ ]  Check whether the issuer (1) filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. YesX No___  Check if there is no disclosure of delinquent
filers in response to Item 405 of Regulation S-B contained in this form, and to
the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB.  [X]  Indicate by check mark
whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act). Yes[ ]  No[X]  State issuer's revenues for its
most recent fiscal year.   $108,000  State the aggregate market value of the voting
partnership interests held by non-affiliates computed by reference to the price
at which the partnership interests were sold, or the average bid and asked
prices of such partnership interests as of December 31, 2007.  No market
exists for the limited partnership interests of the Registrant, and, therefore,
no aggregate market value can be determined.  DOCUMENTS INCORPORATED BY REFERENCE None  Transitional Small Business Disclosure Format
(Check one): Yes [ ]; No [X]


Explanatory
Note  Real
Estate Associates Limited VI (the "Partnership" or "Registrant") is filing this
Amendment on Form 10-KSB (the "Amendment") for the sole purpose of amending the
Partnerships Annual Report on Form 10-KSB for the year ended December 31, 2007
(the "Original Filing").  This Amendment adjusts the Partnerships
management fee expense for 2007 and 2006.  Because of the errors noted
above, the Partnership's financial statements showed an overstatement of net
income for the years ended December 31, 2007 and 2006, respectively, and an
understatement of liabilities and overstatement of partners' capital as of
December 31, 2007, 2006 and 2005. These errors have been corrected in the
restated financial statements.  Please
note that this Amendment restates only those items of the Original Filing that
were affected by the above-described corrections.   Furthermore, the
information contained in this Amendment is as of the date of the Original Filing
and does not reflect any subsequent information or events occurring after the
date of the Original Filing.  Therefore, you should read this Amendment
together with other documents that the Partnership has filed with the United
States Securities and Exchange Commission (the "SEC") subsequent to the filing
of the Original Filing.  Information in such reports and documents updates
and supersedes certain information contained in this Amendment.


FORWARD-LOOKING
STATEMENTS  The
Private Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking statements in certain circumstances. Certain information
included in this Report contains or may contain information that is
forward-looking, including, without limitation, statements regarding the
Partnerships future financial performance and the effect of government
regulations. Actual results may differ materially from those described in the
forward-looking statements and, in addition, will be
affected by a variety of risks and factors that are beyond the Partnerships
control including, without limitation: national and local economic conditions;
the general level of interest rates; the terms of governmental regulations that
affect the Partnership and its investment in limited partnerships and
interpretations of those regulations; the competitive environment in which the
Partnership operates; financing risks, including the risk that the Partnerships
cash flows from operations may be insufficient to meet required payments of
principal and interest; real estate risks, including fluctuations in real estate values and the general economic climate in local
markets and competition for tenants in such markets;litigation, including costs associated with prosecuting or
defending claims and any adverse outcomes; and possible environmental
liabilities, including costs, fines or penalties that may be incurred due to
necessary remediation of contamination of properties presently owned or
previously owned by the limited partnerships in which the Partnership has
invested.  Readers should carefully review the Partnerships consolidated
financial statements and the notes thereto and the other documents the
Partnership files from time to time with the Securities and Exchange
Commission.  PART
I  ITEM
1.     DESCRIPTION OF BUSINESS  Real Estate Associates
Limited VI ("REAL VI" or the "Partnership") is a limited partnership which was
formed under the laws of the State of California on October 12, 1982. On April
22, 1983, REAL VI offered 4,200 units consisting of 8,400 limited partnership
interests and warrants to purchase a maximum of 8,400 additional limited
partnership interests through a public offering managed by E.F. Hutton Inc. The
Partnership shall be dissolved only upon the expiration of 50 complete calendar
years (December 31, 2032) from the date of the formation of the Partnership or
the occurrence of other events as specified in the Partnership Agreement. The
principal business of the Partnership is to invest, directly or indirectly, in
other limited partnerships which own or lease and operate Federal, state and
local government-assisted housing projects.  The general partners of REAL
VI are National Partnership Investments Corp. ("NAPICO" or the Corporate
General Partner), a California Corporation, and National Partnership
Investments Associates (NAPIA or the Non-corporate General Partner), a
limited partnership.  The Corporate General Partner is an affiliate of
Apartment Investment and Management Company (AIMCO), a publicly traded real
estate investment trust.  The business of REAL VI is conducted primarily by
NAPICO.  The General Partners have a one percent interest in profits and
losses of the Partnership.  The limited partners have the remaining 99
percent interest which is allocated in proportion to their respective individual
investments.  REAL VI holds limited
partnership interests in 13 local limited partnerships (the Local Limited
Partnerships). In addition the Partnership holds a general partner interest in
Real Estate Associates III (REA III) which, in turn, holds limited partnership
interests in two additional Local Limited Partnerships. In total, therefore, the
Partnership holds interests, either directly or indirectly through REA III, in
15 Local Limited Partnerships. Each of the Local Limited Partnerships owns a low
income housing project which is subsidized and/or has a mortgage note payable to
or insured by agencies of the Federal or local government. The Partnership sold
its interests in 10 Local Limited Partnerships in December 1998. In 2003, the
Partnership sold its interest in one Local Limited Partnership and the interest
in another Local Limited Partnership was foreclosed on by a noteholder. In 2005,
two of the Local Limited Partnerships sold their investment properties and the
Partnership assigned its interest in another Local Limited Partnership. In 2006,
the Partnership sold its interest in one Local Limited
Partnership.  In 2007, two Local Limited Partnerships sold their investment
properties.  The partnerships in which
REAL VI has invested were, at least initially, organized by private developers
who acquired the sites, or options thereon, and applied for applicable mortgage
insurance and subsidies.  REAL VI became the principal limited partner in
these Local Limited Partnerships pursuant to arm's-length negotiations with
these developers, or others, who act as general partners.  As a limited
partner, REAL VI's liability for obligations of the Local Limited Partnerships
is limited to its investment.  The local general partner of the Local
Limited Partnerships retains responsibility for developing, constructing,
maintaining, operating and managing the project.  Under certain
circumstances of default, REAL VI has the right to replace the general partner
of the Local Limited Partnership, but otherwise does not have control of sale or
refinancing, etc.  Although each of the Local
Limited Partnerships in which REAL VI has invested generally owns a project
which must compete in the market place for tenants, interest subsidies and rent
supplements from governmental agencies make it possible to offer these dwelling
units to eligible "low income" tenants at a cost significantly below the market
rate for comparable conventionally financed dwelling units in the
area.  In order to stimulate
private investment in low income housing, the Federal government and certain
state and local agencies have provided significant ownership incentives,
including among others, interest subsidies, rent supplements, and mortgage
insurance, with the intent of reducing certain market risks and providing
investors with certain tax benefits, plus limited cash distributions and the
possibility of long-term capital gains.  There remain, however, significant
risks.  The long-term nature of investments in government assisted housing
limits the ability of REAL VI to vary its portfolio in response to changing
economic, financial and investment conditions; such investments are also subject
to changes in local economic circumstances and housing patterns, as well as
rising operating costs, vacancies, rent collection difficulties, energy
shortages and other factors which have an impact on real estate values. 
These projects also require greater management expertise and may have higher
operating expenses than conventional housing projects.  The current policy of the
United States Department of Housing and Urban Development (HUD) is to not
renew the Housing Assistance Payment (HAP) Contracts on a long term basis on
the existing terms.  In connection with renewals of the HAP Contracts under
current law and policy, the amount of rental assistance payments under renewed
HAP Contracts will be based on market rentals instead of above market rentals,
which may be the case under existing HAP Contracts.  The payments under the
renewed HAP Contracts may not be in an amount that would provide sufficient cash
flow to permit owners of properties subject to HAP Contracts to meet the debt
service requirements of existing loans insured by the Federal Housing
Administration of HUD (FHA) unless such mortgage loans are restructured. 
In order to address the reduction in payments under HAP Contracts as a result of
current policy, the Multi-family Assisted Housing Reform and Affordability Act
of 1997 (MAHRAA) provides for the restructuring of mortgage loans insured by
the FHA with respect to properties subject to the Section 8 program.  Under
MAHRAA, an FHA-insured mortgage loan can be restructured into a first mortgage
loan which will be amortized on a current basis and a low interest rate second
mortgage loan payable to FHA which will only be payable on maturity of the first
mortgage loan. This restructuring results in a reduction in annual debt service
payable by the owner of the FHA-insured mortgage loan and is expected to result
in an insurance payment from FHA to the holder of the FHA-insured loan due to
the reduction in the principal amount. MAHRAA also phases out project-based
subsidies on selected properties serving families not located in rental markets
with limited supply, converting such subsidies to a tenant-based
subsidy.  Laws benefiting disabled
persons may result in the Local Limited Partnerships incurrence of
unanticipated expenses.Under the Americans with
Disabilities Act of 1990, or ADA, all places intended to be used by the public
are required to meet certain Federal requirements related to access and use by
disabled persons. Likewise, the Fair Housing Amendments Act of 1988, or FHAA,
requires apartment properties first occupied after March 13, 1990, to be
accessible to the handicapped. These and other Federal, state and local laws may require modifications to the Local
Limited Partnerships properties, or restrict renovations of the properties.
Noncompliance with these laws could result in the imposition of fines or an
award of damages to private litigants and also could result in an order to
correct any non-complying feature, which could result in substantial capital
expenditures. Although the Corporate General Partner believes that the Local
Limited Partnerships properties are substantially in compliance with present
requirements, the Local Limited Partnerships may incur unanticipated expenses to
comply with the ADA and the FHAA.  When the HAP Contracts are
subject to renewal, there can be no assurance that the Local Limited
Partnerships in which the Partnership has an investment will be permitted to
restructure its mortgage indebtedness under MAHRAA.  In addition, the
economic impact on the Partnership of the combination of the reduced payments
under the HAP Contracts and the restructuring of the existing FHA-insured
mortgage loans under MAHRAA is uncertain.  The Partnership has no
employees. Management and administrative services are performed for the
Partnership by the Corporate General Partner and agents retained by the
Corporate General Partner.  During the year ended
December 31, 2007, all of the projects in which REAL VI had invested were
substantially rented.  The following is a schedule of the status as of
December 31, 2007 of the projects owned by Local Limited Partnerships in which
REAL VI, either directly or indirectly through REA III, is a limited
partner.  SCHEDULE
OF PROJECTS OWNED BYLOCAL
LIMITED PARTNERSHIPSIN
WHICH REAL VI HAS AN INVESTMENTDecember
31, 2007Financed,
UnitsInsured
Authorized
Percentage
of
Percentage
ofAnd
For
Rental
Total
Units
Total
UnitsNo.
of
Subsidized
Assistance
Under
Occupied
OccupiedName
and Location
Units
Under
Section
8 (E)
2007
2006Cady
Brook Apts (1)Charlton, MA
40
(D)
--
95%
93%CassadyVillageColumbus, OH
98
(A)
50
75%
78%Crockett
ManorTrenton, TN
38
(C)
38
97%
99%Grant-Ko
EnterprisesPlatteville, WI
40
(D)
17
92%
92%Hummelstown
ManorHummelstown, PA
51
(D)
50
99%
99%KentuckyManorOak Grove, KY
48
--
--
94%
86%MarshallPlazaILorain, OH
40
(B)
39
86%
93%


SCHEDULE
OF PROJECTS OWNED BYLOCAL
LIMITED PARTNERSHIPSIN WHICH REAL VI HAS AN INVESTMENT (continued)December
31, 2007  Financed,
UnitsInsured
Authorized
Percentage
of
Percentage
ofAnd
For
Rental
Total
Units
Total
UnitsNo.
of
Subsidized
Assistance
Under
Occupied
OccupiedName
and Location
Units
Under
Section
8 (E)
2007
2006Marshall
Plaza IILorain, OH
50
(B)
48
92%
95%New
Bel-MoNew
Glarus, BellevilleMonticello, WI
16
(D)
12
93%
89%Oakridge
Park IIBiloxi, MS
48
(D)
--
93%
95%Oakwood
ManorMilan, TN
34
--
34
98%
75%Park
PlaceEwing, NJ
126
--
125
96%
98%Sauk-Ko
EnterprisesBaraboo, WI
30
(D)
24
86%
81%Valley
Oaks SeniorGault, CA
50
State
Program
42
98%
99%Villas
de OrocovixOrocovix, PR
41
(D)
41
100%
100%Totals
750

520  (1)  
Held for sale.  (A)  
The mortgage is insured by the Federal Housing Administration under the
provisions of Section 236 of the National Housing Act.  (B)  
The mortgage is insured by the Federal Housing Administration under the
provisions of Section 221(d)(3) of the National Housing Act.  (C)  
The mortgage is insured by the Federal Housing Administration under the
provisions of Section 221(d)(4) of the National Housing Act.  (D)  
The mortgage is insured by the Federal Housing Administration under the
provisions of Section 5115(b) and 521 of the National Housing Act.  (E)   Section 8 of
Title II of the Housing and Community Development Act of
1974.


The following table details the Partnerships ownership
percentages of the Local Limited Partnerships and the cost of acquisition of
such ownership.  All interests are limited partner interests.  Also
included is the total mortgage encumbrance on each property for each of the
Local Limited Partnerships as of December 31, 2007.  REAL
VI
Original
CostPercentage
of
Ownership
MortgagePartnership
Interest
Interest
Notes(in
thousands)
(in
thousands)CassadyVillage
98.99%
$   
54
$  
525Crockett
Manor
99.00%
215
978Grant-Ko
Enterprises
95.00%
213
1,184Hummelstown
Manor
95.00%
330
1,684KentuckyManor
95.00%
250
(A)MarshallPlazaI
98.99%
140
45Marshall
Plaza II
98.99%
180
76New-Bel-Mo
95.00%
167
347Oakridge
Park II
95.00%
221
1,154Oakwood
Manor
99.00%
148
405Park
Place
90.00%
1,182
3,346Sauk-Ko
Enterprises
95.00%
182
692Valley
Oaks Senior
99.00%
315
(A)Villas
de Orocovix
99.00%
270
1,328TOTALS

$3,867
$11,764  (A)   Financial
information is unavailable for this Local Limited Partnership.  The Partnership has a 95%
ownership interest in Cady Brook Apartments, which is classified as held for
sale at December 31, 2007.  Although each Local Limited
Partnership in which the Partnership has invested owns an apartment complex
which must compete with other apartment complexes for tenants, government
mortgage interest and rent subsidies make it possible to rent units to eligible
tenants at below market rates.  In general, this insulates the properties
from market competition.


ITEM
2.     DESCRIPTION OF PROPERTIES  See Item 1. Description of
Business for the real estate owned by the Partnership through the ownership of
limited partnership interests in Local Limited Partnerships.  ITEM
3.     LEGAL PROCEEDINGS  The
Corporate General Partner is involved in various lawsuits arising from
transactions in the ordinary course of business. In the opinion of management
and the Corporate General Partner, the claims will not result in any material
liability to the Partnership.  ITEM
4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY
HOLDERS  The unit holders of the
Partnership did not vote on any matters through the solicitation of proxies or
otherwise during the quarter ended December 31, 2007.


PART II  ITEM
5.     MARKET FOR THE REGISTRANT'S PARTNERSHIP INTERESTS AND
RELATED PARTNERSHIP MATTERS  The Limited Partnership
Interests are not traded on a public exchange but were sold through a public
offering managed by E.F. Hutton Inc. It is not anticipated that any active
public market will develop for the purchase and sale of any partnership
interest, therefore an investor may be unable to sell or otherwise dispose of
his or her interest in the partnership.  Limited Partnership Interests may
be transferred only if certain requirements in the Partnership Agreement are
satisfied.  At December 31, 2007, there were 2,993 registered holders of
units in REAL VI holding 16,702 partnership interests.  The Partnership has
invested in certain government assisted projects under programs, which in many
instances restrict the cash return available to project owners.  The
Partnership was not designed to provide cash distributions to investors in
circumstances other than refinancing or disposition of its investments in Local
Limited Partnerships. No distributions were made during the years ended December
31, 2007 and 2006.  In addition to its indirect
ownership of the general partnership interest in the Partnership, AIMCO and its
affiliates owned 879.5 limited partnership units (the "Units") (or 1,759 limited
partnership interests) in the Partnership representing 10.53% of the outstanding
Units at December 31, 2007. A Unit consists of two limited partnership
interests. A number of these Units were acquired pursuant to tender offers made
by AIMCO or its affiliates. It is possible that AIMCO or its affiliates will
acquire additional Units in exchange for cash or a combination of cash and units
in AIMCO Properties, L.P., the operating partnership of AIMCO, either through
private purchases or tender offers. Under the Partnership Agreement, unitholders
holding a majority of the Units are entitled to take action with respect to a
variety of matters that include, but are not limited to, voting on certain
amendments to the Partnership Agreement and voting to remove the Corporate
General Partner. Although the Corporate General Partner owes fiduciary duties to
the limited partners of the Partnership, the Corporate General Partner also owes
fiduciary duties to AIMCO as its sole stockholder. As a result, the duties of
the Corporate General Partner, as corporate general partner, to the Partnership
and its limited partners may come into conflict with the duties of the Corporate
General Partner to AIMCO as its sole stockholder.  ITEM
6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION  This
item should be read in conjunction with the consolidated financial statements
and other items contained elsewhere in this report.  The Corporate General
Partner monitors developments in the area of legal and regulatory
compliance.  Liquidity and Capital
Resources  The properties in which the
Partnership has invested, through its investments in the Local Limited
Partnerships, receive one or more forms of assistance from the Federal
Government.  As a result, the Local Limited Partnerships ability to
transfer funds either to the Partnership or among themselves in the form of cash
distributions, loans or advances is generally restricted by these government
assistance programs. These restrictions, however, are not expected to impact the
Partnerships ability to meet its cash obligations.  The Partnership's primary
sources of funds include interest income earned from investing available cash
and distributions from Local Limited Partnerships in which the Partnership has
invested. It is not expected that any of the Local Limited Partnerships in which
the Partnership has invested will generate cash flow sufficient to provide for
distributions to the Partnership's limited partners in any material amount.
 An infrequent source of funds is from the sale of a Local Limited
Partnership property or the sale of the Partnerships interest in a Local
Limited Partnership.  Distributions received from
Local Limited Partnerships are recognized as a reduction of the investment balance until the investment balance has been
reduced to zero or to a negative amount equal to future capital contributions
required. Subsequent distributions received are recognized as income. The
Partnership received operating distributions from the Local Limited Partnerships
of approximately $18,000 and $12,000 during the years ended December 31, 2007
and 2006, respectively, which was recognized as income.  On August 6, 2007 a Local
Limited Partnership, SOL 413, sold its investment property, consisting of 12
units, for a sales price of approximately $732,000. After payment of closing
costs, repayment of the mortgage encumbering SOL 413s investment property, and
payment of other liabilities associated with SOL 413s investment property,
including advances of approximately $22,000 from the Partnership, the total
proceeds to the Partnership were approximately $328,000, which is included in
distributions from Local Limited Partnerships recognized as income on the
consolidated statements of operations included in Item 7. Financial
Statements.  The Partnership had no remaining investment balance in SOL
413 at December 31, 2007.  On November 15, 2007, a
Local Limited Partnership, Eastridge, sold its investment property, consisting
of 96 units, for a sales price of approximately $1,375,000.  The
Partnership received proceeds of approximately $1,069,000, which is included in
distributions from Local Limited Partnerships recognized as income on the
consolidated statements of operations included in Item 7. Financial
Statements.   The remaining sales proceeds were used to satisfy
liabilities associated with Eastridge, including the mortgage encumbering the
property.  The Partnership used approximately $557,000 of the proceeds
received to repay the non-recourse note and related accrued interest associated
with its investment in Eastridge.  The Partnership had no remaining
investment balance in Eastridge at December 31, 2007.  On July 25, 2006, the
Partnership and two individuals, who are both affiliated with the general
partner of Parkesedge Associates, entered into an Assignment and Assumption
Agreement to provide for the assignment of the Partnerships limited partnership
interest and extinguishment of the remaining capital contribution due to
Parkesedge Associates by the Partnership. During the year ended December 31,
2006, the Partnership received approximately $390,000 of cash and wrote off the
remaining capital contribution payable to Parkesedge Associates of approximately
$122,000. The Partnership recognized a gain on the sale of approximately
$512,000 during the year ended December 31, 2006 as the investment balance in
the Local Limited Partnership had been reduced to zero.  During 2006, the Local
Operating General Partner of one of the Local Limited Partnerships, Cady Brook
Apartments, entered into a purchase and sale contract with a third party to sell
the investment property for a sales price of approximately $970,000. The sale is
subject to due diligence, and there can be no certainty regarding the timing of
such sale or if a sale will even occur.  The Local Operating General
Partner of Cady Brook Apartments and the purchaser are currently negotiating
items identified during the due diligence process, including potential
adjustments to the sales price.  The Corporate General Partner currently
estimates the sale, if it occurs, will result in proceeds to the Partnership,
however the amount of proceeds is not determinable at this time.  The
Partnership has no remaining investment balance in Cady Brook Apartments at
December 31, 2007.  As of December 31, 2007 and
2006, the Partnership had cash and cash equivalents of approximately $2,695,000
and $2,048,000, respectively.  All of this cash is on deposit with a
financial institution earning interest at market rates. This resulted in the
Partnership earning approximately $108,000 and $97,000 in interest income for
the years ended December 31, 2007 and 2006, respectively. The amount of interest
income varies with market rates available on deposits and with the amount of
funds available for investment. Cash equivalents can be converted to cash to
meet obligations of the Partnership as they arise. The Partnership intends to
continue investing available funds in this manner.  The Partnership is obligated
on non-recourse notes payable of $520,000, which bear interest at 9.5 percent
per annum and have principal maturities of December 1999.  The notes and
related interest are payable from cash flow generated from operations of the related rental property as defined in the notes. These
obligations are collateralized by the Partnerships investment in the Local
Limited Partnership. Unpaid interest is due at maturity of the notes. The notes
payable and related accrued interest aggregating approximately $1,686,000,
relating to Cassady Village Apartments, Ltd. (Cassady Village), became payable
prior to December 31, 2007 and are currently in default. During the year ended
December 31, 2005, the Partnership entered into an agreement with the
non-recourse note holder for Cassady Village to permit them to purchase a series
of projects including the properties owned by the Local Limited Partnerships
Cassady Village and Marshall Plaza I & II Apartments.  Pending the
decision to purchase one of the above properties and enter into a purchase
agreement, the note holder agreed to forebear taking any action under the note
for such period.  The Partnerships investment balance in Cassady Village
at December 31, 2007 was approximately $80,000.  The Partnerships
investment balance in Marshall Plaza I & II Apartments at December 31, 2007
was zero.  Results of
Operations  At
December 31, 2007, the Partnership had investments in 13 Local Limited
Partnerships and a general partner interest in REA III which, in turn, holds
limited partnership interests in two additional Local Limited Partnerships, all
of which own housing projects, most of which were substantially rented. The
Partnership, as a limited partner, does not have a contractual relationship with
the Local Limited Partnerships or exercise control over the activities and
operations, including refinancing or selling decisions, of the Local Limited
Partnerships that would require or allow for consolidation.  Accordingly,
the Partnership accounts for its investment in the Local Limited Partnerships
using the equity method. Thus the individual investments are carried at cost
plus the Partnerships share of the Local Limited Partnerships profits less the
Partnerships share of the Local Limited Partnerships losses, distributions and
any impairment charges. However, since the Partnership is not legally liable for
the obligations of the Local Limited Partnerships, or is not otherwise committed
to provide additional support to them, it does not recognize losses once its
investment in each of the Local Limited Partnerships reaches zero. 
Distributions from the Local Limited Partnerships are accounted for as a
reduction of the investment balance until the investment balance is reduced to
zero.  Subsequent distributions received are recognized as income in the
consolidated statements of operations included in Item 7. Financial
Statements.  For those investments where the Partnership has determined
that the carrying value of its investments approximates the estimated fair value
of those investments, the Partnerships policy is to recognize equity in income
of the Local Limited Partnerships only to the extent of distributions received
and amortization of acquisition costs from those Local Limited
Partnerships.  For the years ended December 31, 2007 and 2006, the
Partnership received approximately $18,000 and $12,000, respectively, in
operating distributions from Local Limited Partnerships.  During
the year ended December 31, 2007, the Partnership received distributions of
approximately $328,000 and $1,069,000 from the proceeds of the sales of the
investment properties owned by SOL 413 and Eastridge, respectively.  These
distributions were reflected as income on the consolidated statements of
operations included in Item 7. Financial Statements, as the Partnership had no
investment balance remaining in these Local Limited Partnerships.  During
the year ended December 31, 2006, the Partnership received approximately
$512,000 from the proceeds of the assignment of its remaining Local Limited
Partnership interests in Parksedge Associates, which is reflected as income on
the consolidated statements of operations included in Item 7. Financial
Statements as the Partnership had no investment balance remaining in this Local
Limited Partnership.  The
investment balance in 13 out of 15 Local Limited Partnerships has been reduced
to zero as of December 31, 2007. The Partnership still has an investment balance
in Cassady Village and Park Place Limited Partnerships.  The
Partnership recognized equity in income and amortization of acquisition costs of
Local Limited Partnerships of approximately zero and $11,000 for the years ended
December 31, 2007 and 2006, respectively.  At
times, advances are made to the Local Limited Partnerships. Advances made by the
Partnership to the individual Local Limited Partnerships are considered part of
the Partnerships investment in the Local Limited Partnership. Advances made to
Local Limited Partnerships for which the investment has been reduced to zero are
charged to expense. During the years ended December 31, 2007 and 2006,
approximately $32,000 and $30,000, respectively, was advanced to the Local
Limited Partnerships and approximately $10,000 and $30,000, respectively, was
recognized as expense on the consolidated statements of operations included in
Item 7. Financial Statements.  During the year ended December 31, 2006,
the Partnership received approximately $59,000 from Fillmore, which sold its
investment property during 2005, as a partial payment of advances made by the
Partnership.  These advances were fully reserved and the collection is
reflected as a reduction to advances charged to expense.  As a result of
these transactions, advances recognized as expense in the consolidated statement
of operations for the year ended December 31, 2006 included in Item 7.
Financial Statements, are a net credit balance of approximately $29,000.  Total revenues from
continuing operations for the Local Limited Partnerships were approximately
$4,635,000 and $4,487,000 for the years ended December 31, 2007 and 2006,
respectively.  Total expenses from
continuing operations for the Local Limited Partnerships were approximately
$4,468,000 and $4,322,000 for the years ended December 31, 2007 and 2006,
respectively.  Total income from continuing
operations for the Local Limited Partnerships was approximately $167,000 and
$165,000 for the years ended December 31, 2007 and 2006, respectively. The
income from continuing operations allocated to the Partnership was approximately
$148,000 and $145,000 for 2007 and 2006, respectively, but is not fully
recognized on the consolidated statements of operations included in Item 7.
Financial Statements because the Partnerships remaining investment balance in
certain Local Limited Partnerships has been reduced to zero.  Partnership revenues consist
primarily of interest income earned on the investment of funds not required for
investment in Local Limited Partnerships and distributions from the Local
Limited Partnerships in which the Partnership has invested. The increase in
interest income is primarily a result of higher average balances of cash on hand
due to distributions received during 2007.  A recurring partnership
expense is the annual management fee.  The fee is payable to the Corporate
General Partner of the Partnership and is calculated at 0.5 percent of the Partnership's original
remaining invested assets at the beginning of the year. The management fee is
paid to the Corporate General Partner for its continuing management of the
Partnerships affairs.  Management fees were approximately $150,000 and $158,000 for the years ended December 31, 2007
and 2006, respectively. The decrease in the annual management fee is due to the
loss of investment in one Local Limited Partnership during 2006.  Operating expenses, other
than management fees, consist of legal and accounting fees for services rendered
to the Partnership and general and administrative expenses. Legal and accounting
fees were approximately $63,000 and $84,000 for the years ended December 31,
2007 and 2006, respectively.  The decrease in legal and accounting fees is
due to  decreases in fees associated with the annual audit and legal fees
associated with Partnership administration.  General and administrative
expenses were approximately $29,000 and $36,000 for the years ended December 31,
2007 and 2006, respectively.  The decrease in general and administrative
expenses is due to a decrease in costs paid on behalf of one Local Limited
Partnership during 2006 in which the Partnership sold its investment during
2005.  The Partnership incurs
expense for certain New Jersey state tax returns.  For the years ended
December 31, 2007 and 2006, the tax expense was approximately $95,000 and
$44,000, respectively.  The increase in the New Jersey tax expense is due
to a credit received in 2006 related to one Local Limited
Partnership.  Interest expense on
non-recourse notes payable was approximately $56,000 and $66,000 for the years
ended December 31, 2007 and 2006, respectively.  The decrease in interest
expense is a result of the extinguishment of debt associated with Eastridge due
to its sale during 2007.  The current policy of the
United States Department of Housing and Urban Development (HUD) is to not
renew the Housing Assistance Payment (HAP) Contracts on a long term basis on
the existing terms.  In connection with renewals of the HAP Contracts under
current law and policy, the amount of rental assistance payments under renewed
HAP Contracts will be based on market rentals instead of above market rentals,
which may be the case under existing HAP Contracts.  The payments under the
renewed HAP Contracts may not be in an amount that would provide sufficient cash
flow to permit owners of properties subject to HAP Contracts to meet the debt
service requirements of existing loans insured by the Federal Housing
Administration of HUD (FHA) unless such mortgage loans are restructured. 
In order to address the reduction in payments under HAP Contracts as a result of
current policy, the Multi-family Assisted Housing Reform and Affordability Act
of 1997 (MAHRAA) provides for the restructuring of mortgage loans insured by
the FHA with respect to properties subject to the Section 8 program. Under
MAHRAA, an FHA-insured mortgage loan can be restructured into a first mortgage
loan which will be amortized on a current basis and a low interest rate second
mortgage loan payable to FHA which will only be payable on maturity of the first
mortgage loan. This restructuring results in a reduction in annual debt service
payable by the owner of the FHA-insured mortgage loan and is expected to result
in an insurance payment from FHA to the holder of the FHA-insured loan due to
the reduction in the principal amount. MAHRAA also phases out project-based
subsidies on selected properties serving families not located in rental markets
with limited supply, converting such subsidies to a tenant-based
subsidy.  When the HAP Contracts are
subject to renewal, there can be no assurance that the Local Limited
Partnerships in which the Partnership has an investment will be permitted to
restructure its mortgage indebtedness under MAHRAA.  In addition, the
economic impact on the Partnership of the combination of the reduced payments
under the HAP Contracts and the restructuring of the existing FHA-insured
mortgage loans under MAHRAA is uncertain.  One of the Partnerships
investments involved a purchase of partnership interests from partners who
subsequently withdrew from the partnership. The purchase of this interest
provided for an additional cash payment of approximately $8,000 based upon
specific events as outlined in the purchase agreement. In connection with the
sale of SOL 413 during 2007, this amount was written off and recognized as a
gain on extinguishment of debt for the year ended December 31, 2007.  The
Partnership, as a limited partner in the Local Limited Partnerships in which it
has invested, is subject to the risks incident to the management and ownership
of improved real estate.  The Partnership investments are also subject to
adverse general economic conditions, and, accordingly, the status of the
national legislation which could increase vacancy levels, rental payment
defaults, and operating expenses, which in turn could substantially increase the
risk of operating losses for the projects.  Off-Balance Sheet
Arrangements  The Partnership owns limited
partnership interests in unconsolidated Local Limited Partnerships, in which the
Partnerships ownership percentage ranges from 90% to 99%.  However, based
on the provisions of the relevant partnership agreements, the Partnership, as a
limited partner, does not have control or a contractual relationship with the
Local Limited Partnerships that would require or allow for consolidation under
accounting principles generally accepted in the United States (see Note 1 
Organization and Summary of Significant Accounting Policies of the consolidated
financial statements in Item 7. Financial Statements).  There are no
lines of credit, side agreements or any other derivative financial instruments
between the Local Limited Partnerships and the Partnership.  Accordingly
the Partnerships maximum risk of loss related to these unconsolidated Local
Limited Partnerships is limited to the recorded investments in and receivables
from the Local Limited Partnerships.  See Note 2  Investments in and Advances to Local Limited Partnerships of
the consolidated financial statements in Item 7. Financial Statements for
additional information about the Partnerships investments in unconsolidated
Local Limited Partnerships.  Other  In addition to its indirect
ownership of the general partnership interest in the Partnership, AIMCO and its
affiliates owned 879.5 limited partnership units (the "Units") (or 1,759 limited
partnership interests) in the Partnership representing 10.53% of the outstanding
Units at December 31, 2007. A Unit consists of two limited partnership
interests. A number of these Units were acquired pursuant to tender offers made
by AIMCO or its affiliates. It is possible that AIMCO or its affiliates will
acquire additional Units in exchange for cash or a combination of cash and units
in AIMCO Properties, L.P., the operating partnership of AIMCO, either through
private purchases or tender offers. Under the Partnership Agreement, unitholders
holding a majority of the Units are entitled to take action with respect to a
variety of matters that include, but are not limited to, voting on certain
amendments to the Partnership Agreement and voting to remove the Corporate
General Partner. Although the Corporate General Partner owes fiduciary duties to
the limited partners of the Partnership, the Corporate General Partner also owes
fiduciary duties to AIMCO as its sole stockholder. As a result, the duties of
the Corporate General Partner, as corporate general partner, to the Partnership
and its limited partners may come into conflict with the duties of the Corporate
General Partner to AIMCO as its sole stockholder.  FASB Interpretation No.
46  As of December 31, 2004, the
Partnership adopted FASB Interpretation No. 46, Consolidation of Variable
Interest Entities (or FIN 46), and applied its requirements to all Local
Limited Partnerships in which the Partnership held a variable interest. 
FIN 46 addresses the consolidation by business enterprises of variable interest
entities.  Generally, a variable interest entity, or VIE, is an entity with
one or more of the following characteristics:  (a) the total equity
investment at risk is not sufficient to permit the entity to finance its
activities without additional subordinated financial support; (b) as a group the
holders of the equity investment at risk lack (i) the ability to make decisions
about an entitys activities through voting or similar rights, (ii) the
obligation to absorb the expected losses of the entity, or (iii) the right to
receive the expected residual returns of the entity; or (c) the equity investors
have voting rights that are not proportional to their economic interests and
substantially all of the entitys activities either involve, or are conducted on
behalf of, an investor that has disproportionately few voting rights.  FIN
46 requires a VIE to be consolidated in the financial statements of the entity
that is determined to be the primary beneficiary of the VIE.  At December 31, 2007, the
Partnership holds variable interests in 15 VIEs for which the Partnership is not
the primary beneficiary.  The 15 VIEs consist of Local Limited Partnerships
in which the Partnership acquired an interest prior to the adoption of FIN 46
that are directly engaged in the ownership and management of 15 apartment
properties with a total of 750 units.  The Partnership is involved with
those VIEs as a non-controlling limited partner equity holder.  The
Partnerships maximum exposure to loss as a result of its involvement with the
unconsolidated VIEs is limited to the Partnerships recorded investments in and
receivables from these VIEs, which was approximately $364,000 at December 31,
2007.  The Partnership may be subject to additional losses to the extent of
any financial support that the Partnership voluntarily provides in the
future.  Critical Accounting Policies
and Estimates  A summary of the
Partnerships significant accounting policies is included in Note 1 
Organization and Summary of Significant Accounting Policies which is included
in the consolidated financial statements in Item 7. Financial
Statements.  The Corporate General Partner believes that the consistent
application of these policies enables the Partnership to provide readers of the
consolidated financial statements with useful and reliable information about the
Partnerships operating results and consolidated financial condition. The
preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United
States requires the Partnership to make estimates and assumptions.  These
estimates and assumptions affect the reported amounts of assets and liabilities
at the date of the financial statements as well as reported amounts of revenues
and expenses during the reporting period. Actual results could differ from these
estimates.  Judgments and assessments of uncertainties are required in
applying the Partnerships accounting policies in many areas. The Partnership
believes that of its significant accounting policies, the following may involve
a higher degree of judgment and complexity.  Method of Accounting for Investments in Local Limited
Partnerships  The Partnership, as a limited partner, does not
have a contractual relationship with the Local Limited Partnership or exercise
control over the activities and operations, including refinancing or selling
decisions, of the Local Limited Partnerships that would require or allow for
consolidation. Accordingly, the Partnership accounts for its investments in the
Local Limited Partnerships using the equity method. The Partnership is allocated
profits and losses of the Local Limited Partnerships based upon its respective
ownership percentages of between 90% and 99%. The Partnership is also entitled
to 99.9% of the profits and losses of REA III. REA III is entitled to a 99%
interest in each of the Local Limited Partnerships in which it has invested.
Distributions of surplus cash from operations from most of the Local Limited
Partnerships are restricted by the Local Limited Partnerships Regulatory
Agreements with the United States Department of Housing and Urban Development
(HUD). These restrictions limit the distribution to a portion, generally less
than 10%, of the initial invested capital. The excess surplus cash is deposited
into a residual receipts reserve, of which the ultimate realization by the
Partnership is uncertain as HUD frequently retains it upon sale or dissolution
of the Local Limited Partnership. The Partnership is allocated profits and
losses and receives distributions from refinancings and sales in accordance with
the Local Limited Partnerships partnership agreements. These agreements usually
limit the Partnerships distributions to an amount substantially less than its
ownership percentage in the Local Limited Partnership.  The individual investments are carried at cost
plus the Partnerships share of the Local Limited Partnerships profits less the
Partnerships share of the Local Limited Partnerships losses, distributions and
impairment charges.See Item 7. Financial Statements-Note 1 
Organization and Summary of Significant Accounting Policies for a description
of the impairment policy.  The
Partnership is not legally liable for the obligations of the Local Limited
Partnerships and is not otherwise committed to provide additional support to
them. Therefore, it does not recognize losses once its investment in each of the
Local Limited Partnerships reaches zero.  Distributions from the Local
Limited Partnerships are accounted for as a reduction of the investment balance
until the investment balance is reduced to zero. When the investment balance has
been reduced to zero, subsequent distributions received are recognized as income
in the consolidated statements of operations included in Item 7. Financial
Statements.  For
those investments where the Partnership has determined that the carrying value
of its investments approximates the estimated fair value of those investments,
the Partnerships policy is to recognize equity in income of the Local Limited
Partnerships only to the extent of distributions received and amortization of
acquisition costs from those Local Limited Partnerships.  Therefore, the
Partnership limits its recognition of equity earnings to the amount it expects
to ultimately realize.


ITEM
7.     FINANCIAL STATEMENTS  Real Estate Associates
Limited VI  LIST OF FINANCIAL
STATEMENTS  Report of Independent
Registered Public Accounting Firm  Consolidated Balance Sheet 
December 31, 2007, as
restated  Consolidated Statements of
Operations  Years ended December 31, 2007 and 2006, as restated  Consolidated Statements of
Changes in Partners (Deficiency) Capital  Years ended December 31, 2007 and
2006, as restated  Consolidated Statements of
Cash Flows  Years ended December 31, 2007 and 2006, as restated  Notes to Consolidated Financial Statements, as
restated


Report of Independent Registered Public Accounting Firm         The
Partners Real
Estate Associates Limited VI   We
have audited the accompanying consolidated balance sheet of Real Estate
Associates Limited VI as of December 31, 2007, and the related consolidated
statements of operations, changes in partners' deficiency (capital), and cash
flows for each of the two years in the period ended December 31, 2007. These
financial statements are the responsibility of the Partnership's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.  We conducted our audits in
accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement.  We were not engaged to perform an audit of the
Partnerships internal control over financial reporting.  Our audits
included consideration of internal control over financial reporting as a basis
for designing audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the
Partnerships internal control over financial reporting. Accordingly, we express
no such opinion. An audit also includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.  In
our opinion, the financial statements referred to above present fairly, in all
material respects, the consolidated financial position of Real Estate Associates
Limited VI at December 31, 2007, and the consolidated results of its operations
and its cash flows for each of the two years in the period ended December 31,
2007, in conformity with U.S. generally accepted accounting
principles.  As discussed in Note 1 to the consolidated financial
statements, the accompanying consolidated balance sheet as of December 31, 2007
and the related consolidated statements of operations, changes in partners
(deficiency) capital, and cash flows for each of the two years in the period
ended December 31, 2007 have been restated.  /s/Ernst
& Young LLP  Greenville,
South Carolina April 14, 2008 except for Correction of an
Error section of Note 1, as to which the date is January 20,
2009


REAL
ESTATE ASSOCIATES LIMITED VI  CONSOLIDATED BALANCE
SHEET  December
31, 2007 (in
thousands) (as
restated  see Note 1)    AssetsInvestments in and
advances to Local Limited Partnerships (Note 2)

$  
364Cash and cash
equivalents

2,695Other
receivables

171Total
assets

$3,230Liabilities
and Partners (Deficiency) CapitalLiabilities:Accounts
payable and accrued expenses

$   
34Taxes payable
(Note 5)

140Due
to affiliate (Note 4)

391Notes payable,
in default (Note 3)

520Accrued
interest payable, in default (Note 3)

1,166Partners (Deficiency)
Capital:General
partners
$  (342)Limited
partners
1,321
979Total liabilities and
partners (deficiency) capital

$3,230  See
Accompanying Notes to Consolidated Financial Statements


REAL ESTATE ASSOCIATES
LIMITED VI  CONSOLIDATED STATEMENTS OF
OPERATIONS (in
thousands, except per interest data)      Years Ended December
31,2007
2006(Restated
 see Note 1)Revenues:Interest
income
$108
$97Operating
Expenses:Management fees
- partners (Note 4)
150
158General and
administrative
29
36Legal and
accounting
63
84Tax
expense
95
44Interest (Note
3)
56
66Total operating
expenses
393
388Loss from Partnership
operations
(285)
(291)Gain on extinguishment
of debt (Note 3)
8
--Gain on sale of
investment in Local Limited Partnership(Note
2)
--
512Distributions from
Local Limited Partnershipsrecognized as
income (Note 2)
1,415
12(Advances to)
recoveries from Local LimitedPartnerships
recognized as (expense) income (Note 2)
(10)
29Equity in income of
Local Limited Partnerships andamortization of
acquisition costs (Note 2)
--
11Net income (Note
5)
$1,128
$273Net income allocated
to general partners (1%)
$   
11
$    
3Net income allocated
to limited partners (99%)
1,117
270$1,128
$273Net income per limited
partnership interest (Note 1)
$66.83
$16.13  See
Accompanying Notes to Consolidated Financial Statements


REAL ESTATE ASSOCIATES
LIMITED VI  CONSOLIDATED STATEMENTS OF
CHANGES IN PARTNERS' (DEFICIENCY) CAPITAL (in
thousands, except partnership interests) (as
restated  see Note 1)    General
LimitedPartners
Partners
TotalNumber of limited
partnershipinterests
(A)

16,702Partners
deficiency (capital) atDecember 31, 2005, as previouslyreported
$
(353)
$ 
238
$
(115)Restatement
for correction of error
(3)
(304)
(307)Partners' deficit atDecember 31,
2005, as restated
(356)
(66)
(422)Net income for the
year endedDecember 31,
2006
3
270
273Partners (deficiency)
capital atDecember 31,
2006
(353)
204
(149)Net income for the
year endedDecember 31,
2007
11
1,117
1,128Partners (deficiency)
capitalat December 31,
2007
$(342)
$1,321
$979  (A)  
Consists of 16,702 and 16,714 partnership interests at December 31, 2007 and
2006. During 2007 and 2006, twelve and twenty-six interests were abandoned,
respectively (Notes 1 and 7).  See
Accompanying Notes to Consolidated Financial Statements


REAL ESTATE ASSOCIATES
LIMITED VI  CONSOLIDATED STATEMENTS OF
CASH FLOWS (in
thousands) Years Ended December
31,2007
2006(Restated
 see Note 1)Cash flows from
operating activities:Net income
$
1,128
$   
273Adjustments to
reconcile net income to net cashprovided by (used in) operating activities:Equity in income of Local Limited Partnershipsand amortization of acquisition costs
--
(11)Advances to Local
Limited Partnerships recognizedas
expense
10
(29)Gain on sale of
investment in Local LimitedPartnership
--
(512)Gain on extinguishment
of debt
(8)
--Change in accounts:Other
receivables
(5)
(11)Due to affiliates
41
31Accounts payable and accrued expenses
(16)
(6)Accrued interest payable
(331)
66Taxes
payable
8
(4)Net cash provided by
(used in) operatingactivities
827
(203)Cash flows from
investing activities:Proceeds from sale of
investment
--
390Distribution
from Local Limited Partnership recognizedas
a reduction of the investment balance
--
2Repayment of
advances to Local Limited Partnership
22
--Advances to
Local Limited Partnerships
(32)
29Net cash (used in)
provided by investing activities
(10)
421Cash flows used in
financing activities:Repayment of note
payable
(170)
--Net increase in cash
and cash equivalents
647
218Cash and cash
equivalents, beginning of year
2,048
1,830Cash and cash
equivalents, end of year
$2,695
$2,048Supplemental
disclosure of cash flow information:Cash paid
for interest
$387
$--  See
Accompanying Notes to Consolidated Financial Statements


REAL ESTATE ASSOCIATES LIMITED VI  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  DECEMBER 31, 2007   NOTE 1 - ORGANIZATION AND
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Organization  Real Estate Associates
Limited VI ("REAL VI" or the "Partnership"), formed under the California Limited
Partnership Act, was organized on October 12, 1982. The Partnership was formed
to invest primarily in other local limited partnerships (the "Local Limited
Partnerships") which own and operate primarily Federal, state or local
government-assisted housing projects. The general partners of the Partnership
are National Partnership Investments Corp. ("NAPICO" or the "Corporate General
Partner") and National Partnership Investments Associates ("NAPIA"), a limited
partnership.  The Corporate General Partner is a subsidiary of Apartment
Investment and Management Company (AIMCO), a publicly traded real estate
investment trust.  The general partners have a
one percent interest in profits and losses of the Partnership. The limited
partners have the remaining 99 percent interest which is allocated in proportion
to their respective investments.  The Partnership shall be
dissolved only upon the expiration of 50 complete calendar years (December 31,
2032) from the date of the formation of the Partnership or the occurrence of
other events as specified in the Partnership Agreement.  Upon total or partial
liquidation of the Partnership or the disposition or partial disposition of a
project or project interest and distribution of the proceeds, the general
partners will be entitled to a liquidation fee as stipulated in the Partnership
Agreement. The limited partners will have a priority return equal to their
invested capital attributable to the project(s) or project interest(s) sold and
shall receive from the sale of the project(s) or project interest(s) an amount
sufficient to pay state and federal income taxes, if any, calculated at the
maximum rate then in effect. The general partners' liquidation fee may accrue
but shall not be paid until the limited partners have received distributions
equal to 100 percent of their capital contributions.  No liquidation fee
was accrued related to the dispositions of SOL 413 or Eastridge during the year
ended December 31, 2007 or Parksedge Associates during the year ended December
31, 2006, as it is not expected that the limited partners will receive
distributions equal to their capital contributions.  Correction
of an Error  As
disclosed in Note 4  Transactions with Affiliated Parties, the Partnership is
obligated to NAPICO for an annual management fee.  In previous years, the
Partnership did not properly recognize the correct amount of management fee
expense in accordance with the terms of the Partnership Agreement.  The
Partnership incorrectly recognized management fee expense of 0.4 percent of the
Partnerships original remaining invested assets of the Local Limited
Partnerships.  The correct fee is 0.5 percent of the Partnerships original
remaining invested assets of the Local Limited Partnerships.  This resulted
in the cumulative understatement of management fee expense and the cumulative
overstatement of partners capital of approximately $307,000 prior to January 1,
2006 and an understatement of management fee expense of approximately $41,000
and $43,000 for the years ended December 31, 2007 and 2006, respectively. 
Accordingly, net income for the years ended December 31, 2007 and 2006,
respectively, was overstated by approximately $41,000 and $43,000, respectively,
and partners capital was overstated by approximately $391,000 and $350,000 as
of December 31, 2007 and 2006, respectively. The consolidated statements of cash
flows reflect an adjustment to net income and due to affiliates of approximately
$41,000 and $43,000 for the years ended December 31, 2007 and 2006,
respectively. The following tables set forth the adjustments to the balance
sheet as of December 31, 2007 and the statements of operations for the years ended December 31, 2007 and 2006,
respectively.  The only financial statement line items included below are
those that have been restated from the originally reported amounts.  As
of December 31, 2007(in
thousands)As
Previously
As
RestatedReportedDue
to affiliate
$     --
$    391Partners
capital
1,370
979Year
Ended December 31, 2007(in
thousands)As
Previously
As
RestatedReportedManagement
fees - partners
$   109
$   150Net
income
1,169
1,128Year
Ended December 31, 2006(in
thousands)As
Previously
As
RestatedReportedManagement
fees - partners
$   115
$   158Net
income
316
273  Basis
of Presentation  The accompanying
consolidated financial statements have been prepared in conformity with
accounting principles generally accepted in the United States.  Principles of
Consolidation  The consolidated financial
statements include the accounts of REAL VI and its majority owned general
partnership Real Estate Associates III ("REA III"). All significant intercompany
accounts and transactions have been eliminated in consolidation. Losses in
excess of the minority interest in equity that would otherwise be attributed to
the minority interest are being allocated to the Partnership.  Use of
Estimates  The preparation of
consolidated financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the amounts reported in the consolidated financial
statements and accompanying notes. Actual results could differ from those estimates.  Method of Accounting for
Investments in Local Limited Partnerships  The investments in Local
Limited Partnerships are accounted for using the equity method. Acquisition,
selection fees and other costs related to the acquisition of the Local Limited
Partnerships have been capitalized as part of the investment account and are
being amortized by the straight line method over the estimated lives of the
underlying assets, which is generally 30 years.  Net Income Per Limited
Partnership Interest  Net income per limited
partner interest was computed by dividing the limited partners' share of net income by the number of limited
partnership interests outstanding at the beginning of the year. The number of
limited partnership interests was 16,714 and 16,740 as of January 1, 2007 and
2006, respectively.  Cash and Cash
Equivalents  Cash and cash equivalents
include cash on hand and in banks. At certain times, the amount of cash
deposited at a bank may exceed the limit on insured deposits. The entire cash
balance at December 31, 2007 is maintained by an affiliated management company
on behalf of affiliated entities in a cash concentration account.  Impairment
of Long-Lived Assets  The Partnership reviews its
investments in long-lived assets to determine if there has been any impairment
whenever events or changes in circumstances indicate that the carrying amount of
the asset may not be recoverable.  If the sum of the expected future cash
flows is less than the carrying amount of the assets, the Partnership recognizes
an impairment loss.  No impairment losses were recognized during the years
ended December 31, 2007 and 2006.  Segment
Reporting  Statement of Financial
Accounting Standards (SFAS) No. 131, Disclosure about Segments of an
Enterprise and Related Information, established standards for the way that
public business enterprises report information about operating segments in
annual financial statements and requires that those enterprises report selected
information about operating segments in interim financial reports.  SFAS
No. 131 also established standards for related disclosures about products and
services, geographic areas, and major customers.  As defined in SFAS No.
131, the Partnership has only one reportable segment.  Fair Value of Financial
Instruments  SFAS No. 107, Disclosure
about Fair Value of Financial Instruments, as amended by SFAS No. 119,
Discussions About Derivative Financial Instruments and Fair Value of Financial Instruments,
requires disclosure of fair value information about financial instruments, when
it is practicable to estimate that value.  The notes payable and amounts
due for partnership interests are collateralized by the Partnerships investment
in one Local Limited Partnership and are payable only out of cash distributions
from the Local Limited Partnership. The operations generated by the Local
Limited Partnership, which account for the Partnerships primary source of
revenues, are subject to various government rules, regulations and restrictions
which make it impracticable to estimate the fair value of the notes and related
accrued interest payable.  The carrying amount of other assets and
liabilities reported on the balance sheet that require such disclosure
approximates fair value due to their short-term
maturity.  FASB Interpretation No.
46  As of December 31, 2004, the
Partnership adopted FASB Interpretation No. 46, Consolidation of Variable
Interest Entities (or FIN 46), and applied its requirements to all Local
Limited Partnerships in which the Partnership held a variable interest. 
FIN 46 addresses the consolidation by business enterprises of variable interest
entities.  Generally, a variable interest entity, or VIE, is an entity with
one or more of the following characteristics:  (a) the total equity
investment at risk is not sufficient to permit the entity to finance its
activities without additional subordinated financial support; (b) as a group the
holders of the equity investment at risk lack (i) the ability to make decisions
about an entitys activities through voting or similar rights, (ii) the
obligation to absorb the expected losses of the entity, or (iii) the right to
receive the expected residual returns of the entity; or (c) the equity investors
have voting rights that are not proportional to their economic interests and
substantially all of the entitys activities either involve, or are conducted on
behalf of, an investor that has disproportionately few voting rights.  FIN
46 requires a VIE to be consolidated in the financial statements of the entity
that is determined to be the primary beneficiary of the
VIE.  At December 31, 2007, the
Partnership holds variable interests in 15 VIEs for which the Partnership is not
the primary beneficiary.  The 15 VIEs consist of Local Limited Partnerships
in which the Partnership acquired an interest prior to the adoption of FIN 46
that are directly engaged in the ownership and management of 15 apartment
properties with a total of 750 units.  The Partnership is involved with
those VIEs as a non-controlling limited partner equity holder.  The
Partnerships maximum exposure to loss as a result of its involvement with the
unconsolidated VIEs is limited to the Partnerships recorded investments in and
receivables from these VIEs, which was approximately $364,000 at December 31,
2007.  The Partnership may be subject to additional losses to the extent of
any financial support that the Partnership voluntarily provides in the
future.  Recent Accounting
Pronouncements  In
September 2006, the Financial Accounting Standards Board (FASB) issued SFAS
No. 157, Fair Value Measurements. SFAS No. 157 defines fair value as the price
that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. SFAS
No. 157 applies whenever other standards require assets or liabilities to be
measured at fair value and does not expand the use of fair value in any new
circumstances. SFAS No. 157 establishes a hierarchy that prioritizes the
information used in developing fair value estimates. The hierarchy gives the
highest priority to quoted prices in active markets and the lowest priority to
unobservable data, such as the reporting entitys own data. SFAS No. 157
requires fair value measurements to be disclosed by level within the fair value
hierarchy.  In February 2008, the FASB issued FASB Staff Position No. FAS
157-2, Effective Date of FASB Statement No. 157, which deferred the effective
date of SFAS No. 157 for all nonrecurring fair value measurements of
non-financial assets and non-financial liabilities until fiscal years beginning
after November 15, 2008.  The provisions of SFAS No. 157 are applicable to
recurring fair value measurements of financial assets and liabilities for fiscal
years beginning after November 15, 2007, which for the Partnership is generally
limited to annual disclosures required by SFAS No. 107.  The Partnership is
in the process of implementing SFAS No. 157; however, it has not completed its
evaluation and thus has not yet determined the effect that SFAS No. 157 will
have on the Partnerships consolidated financial statements.  In
February 2007, the FASB issued SFAS No. 159, The Fair Value Option for
Financial Assets and Financial Liabilities. SFAS No. 159 permits entities to
choose to measure many financial instruments and certain other items at fair
value that are not currently required to be measured at fair value. The
objective is to improve financial reporting by providing entities with the
opportunity to mitigate volatility in reported earnings caused by measuring
related assets and liabilities differently without having to apply complex
hedge accounting provisions. SFAS No. 159 also establishes presentation and
disclosure requirements designed to facilitate comparisons between entities that
choose different measurement attributes for similar types of assets and
liabilities. SFAS No. 159 is effective for fiscal years beginning after November
15, 2007. The Partnership adopted SFAS No. 159 on January 1, 2008, and at that
time did not elect the fair value option for any of its financial instruments or
other items within the scope of SFAS No. 159.  In
June 2007, the American Institute of Certified Public Accountants (the AICPA)
issued Statement of Position No. 07-1, Clarification of the Scope of the Audit
and Accounting Guide Investment Companies and Accounting by Parent Companies and
Equity Method Investors for Investments in Investment Companies ("SOP
07-1").  SOP 07-1 provides guidance for determining whether the accounting
principles of the AICPA Audit and Accounting Guide Investment Companies are
required to be applied to an entity by clarifying the definition of an
investment company and, whether investment company accounting should be retained
by a parent company upon consolidation of an investment company subsidiary, or
by an investor in the application of the equity method of accounting to an
investment company investee.  In February 2008, the FASB issued FASB Staff
Position SOP 07-1-1 that indefinitely defers the effective date of SOP
07-1.  NOTE 2 - INVESTMENTS IN AND
ADVANCES TO LOCAL LIMITED PARTNERSHIPS  As of December 31, 2007, the
Partnership holds limited partnership interests in 13 Local Limited
Partnerships. In addition, the Partnership holds a majority-owned general
partner interest in REA III, which, in turn, holds limited partnership interests
in two additional Local Limited Partnerships. In total, therefore, the
Partnership holds interests, either directly or indirectly through REA III, in
15 Local Limited Partnerships, which owned, as of December 31, 2007, residential
low-income rental projects consisting of 750 apartment units. Certain of the
Local Limited Partnerships are encumbered by mortgage notes payable to or
insured by various governmental agencies.  The
Partnership, as a limited partner, does not have a contractual relationship with
the Local Limited Partnerships or exercise control over the activities and
operations, including refinancing or selling decisions, of the Local Limited
Partnerships that would require or allow for consolidation. Accordingly, the
Partnership accounts for its investments in the Local Limited Partnerships using
the equity method. The Partnership is allocated profits and losses of the Local
Limited Partnerships based upon its respective ownership percentages between 90%
and 99%. The Partnership is also entitled to 99.9% of the profits and losses of
REA III. REA III is entitled to a 99% interest in each of the Local Limited
Partnerships in which it has invested. Distributions of surplus cash from
operations from most of the Local Limited Partnerships are restricted by the
Local Limited Partnerships Regulatory Agreements with the United States
Department of Housing and Urban Development (HUD). These restrictions limit
the distribution to a portion, generally less than 10%, of the initial invested
capital. The excess surplus cash is deposited into a residual receipts reserve,
of which the ultimate realization by the Partnership is uncertain as HUD
frequently retains it upon sale or dissolution of the Local Limited Partnership.
The Partnership is allocated profits and losses and receives distributions from
refinancings and sales in accordance with the Local Limited Partnerships
partnership agreements. These agreements usually limit the Partnerships
distributions to an amount substantially less than its ownership percentage in
the Local Limited Partnership.  The
individual investments are carried at cost plus the Partnerships share of the
Local Limited Partnerships profits less the Partnerships share of the Local
Limited Partnerships losses, distributions and impairment charges. The
Partnership is not legally liable for the obligations of the Local Limited
Partnerships and is not otherwise committed to provide additional support to
them. Therefore, it does not recognize losses once its investment in each of the
Local Limited Partnerships reaches zero.  Distributions from the Local
Limited Partnerships are accounted for as a reduction of the investment balance
until the investment balance is reduced to zero. When the investment balance has
been reduced to zero, subsequent distributions received are recognized as income
in the accompanying consolidated statements of operations. For the years ended
December 31, 2007 and 2006, the Partnership received approximately $18,000 and
$12,000, respectively, in operating distributions from Local Limited
Partnerships which were recognized as income.  For
those investments where the Partnership has determined that the carrying value
of its investments approximates the estimated fair value of those investments,
the Partnerships policy is to recognize equity in income of the Local Limited
Partnerships only to the extent of distributions received and amortization of
acquisition costs from those Local Limited Partnerships.  Therefore, the
Partnership limits its recognition of equity earnings to the amount it expects
to ultimately realize.  As of December 31, 2007, the
investment balance in 13 of the 15 Local Limited Partnerships had been reduced
to zero. The Partnership still has an investment balance in Cassady Village and
Park Place Limited Partnerships.  At times, advances are made
to the Local Limited Partnerships. Advances made by the Partnership to the
individual Local Limited Partnerships are considered part of the Partnerships
investment in the Local Limited Partnership. Advances made to Local Limited
Partnerships for which the investment has been reduced to zero are charged to
expense. During the years ended December 31, 2007 and 2006, approximately
$32,000 and $30,000, respectively, was advanced to the Local Limited
Partnerships and approximately $10,000 and $30,000, respectively, was recognized
as expense in the accompanying consolidated statements of
operations.During
the year ended December 31, 2006, the Partnership received approximately $59,000
from Fillmore, which sold its investment property during 2005, as a partial
payment of advances made by the Partnership. These advances were fully reserved
and the collection is reflected as a reduction to advances charged to expense.
As a result of these transactions, advances recognized as expense in the
consolidated statement of operations for the year ended December 31, 2006 are a
net credit balance of approximately $29,000.  On
August 6, 2007 a Local Limited Partnership, SOL 413, sold its investment
property, consisting of 12 units, for a sales price of approximately $732,000.
After payment of closing costs, repayment of the mortgage encumbering SOL 413s
investment property, and payment of other liabilities associated with SOL 413s
investment property, including advances of approximately $22,000 from the
Partnership, the total proceeds to the Partnership were approximately $328,000,
which is included in distributions from Local Limited Partnerships recognized as
income on the consolidated statements of operations. The Partnership had no
remaining investment balance in SOL 413 at December 31, 2007.  On November 15, 2007, a
Local Limited Partnership, Eastridge, sold its investment property, consisting
of 96 units, for a sales price of approximately $1,375,000.  The
Partnership received proceeds of approximately $1,069,000,which
is included in distributions from Local Limited Partnerships recognized as
income on the consolidated statements of operations.  The remaining sales
proceeds were used to satisfy liabilities associated with Eastridge, including
the mortgage encumbering the property. The Partnership used approximately
$557,000 of the proceeds received to repay the non-recourse note and related
accrued interest associated with its investment in Eastridge. The Partnership
had no remaining investment balance in Eastridge at December 31,
2007.  On
July 25, 2006, the Partnership and two individuals, who are both affiliated with
the general partner of Parkesedge Associates, entered into an Assignment and
Assumption Agreement to provide for the assignment of the Partnerships limited
partnership interest and extinguishment of the remaining capital contribution
due to Parkesedge Associates by the Partnership. During the year ended December
31, 2006, the Partnership received approximately $390,000 of cash and wrote off
the remaining capital contribution payable to Parkesedge Associates of
approximately $122,000. The Partnership recognized a gain on the sale of
approximately $512,000 during the year ended December 31, 2006 as the investment
balance in the Local Limited Partnership had been reduced to zero.  During
2006, the Local Operating General Partner of one of the Local Limited
Partnerships, Cady Brook Apartments, entered into a purchase and sale contract
with a third party to sell the investment property for a sales price of
approximately $970,000. The sale is subject to due diligence, and there can be
no certainty regarding the timing of such sale or if a sale will even occur.
 The Local Operating General Partner of Cady Brook Apartments and the
purchaser are currently negotiating items identified during the due diligence
process, including potential adjustments to the sales price.  The Corporate
General Partner currently estimates the sale, if it occurs, will result in
proceeds to the Partnership, however the amount of proceeds is not determinable
at this time.  The Partnership has no remaining investment balance in Cady
Brook Apartments at December 31, 2007.  The following is a summary of the investments in
Local Limited Partnerships for the year ended December 31, 2007 (in
thousands):  Balance, beginning of
year
$ 
364Amortization of
acquisition costs
(13)Advances to Local
Limited Partnerships
32Advances to Local
Limited Partnershipsrecognized as
expense
(10)Repayment of advance
to Local LimitedPartnership
(22)Equity in income of
Local Limited Partnerships
13Balance, end of
year
$364  The difference between the
investment in the accompanying consolidated balance sheet at December 31, 2007
and the deficiency per the Local Limited Partnerships' combined financial
statements is due primarily to cumulative unrecognized equity in losses of
certain Local Limited Partnerships, costs capitalized to the investment account,
cumulative distributions recognized as income and recognition of impairment
losses.  The Partnerships value of
its investments and its equity in the income/loss and/or distributions from the
Local Limited Partnerships are, for certain Local Limited Partnerships,
individually not material to the overall financial position of the
Partnership.  The financial information from the unaudited condensed
combined financial statements of such Local Limited Partnerships at December 31,
2007 and for each of the two years in the period then ended is presented
below.  The Partnerships value of its investment in Park Place Associates
(the Material Investee) is material to the Partnerships consolidated
financial position and amounts included below for the Material Investee are
included on an audited basis.


Condensed Combined
Balance Sheet of the Local Limited Partnerships(in
thousands)December 31,
2007Assets
Audited
Unaudited
TotalLand
$   
337
$ 
  872
$ 
1,209Building and
improvements, net ofaccumulated depreciation of $4,774and $12,008,
respectively
3,071
2,593
5,664Other
assets
2,177
1,895
4,072Total
assets
$5,585
$5,360
$10,945Liabilities and
Partners Deficit:Liabilities:Mortgage notes
payable
$ 
3,346
$
 8,418
$
11,764Other
liabilities
122
1,197
1,319Partners
equity (deficit)
2,117
(4,255)
(2,138)Total liabilities and
partners' deficit
$5,585
$5,360
$10,945  Condensed
Combined Results of Operations of the Local Limited
Partnerships(in
thousands)Years
Ended December 31,2007
2007
2007
2006
2006
2006Revenues:
Audited
Unaudited
Total
Audited
Unaudited
Total(Restated)
(Restated)
(Restated)Rental and other
$1,548
$3,087
$4,635
$1,576
$2,911
$4,487Expenses:Operating expenses
795
2,096
2,891
727
1,977
2,704Financial expenses
366
576
942
399
538
937Depreciation andamortization
223
412
635
222
459
681Total expenses
1,384
3,084
4,468
1,348
2,974
4,322Income
(loss) fromcontinuing
operations
$164
$3
$167
$228
$(63)
$165  In accordance with SFAS No.
144, Accounting for the Impairment or Disposal of Long- Lived Assets, the
combined results of operations for the years ended December 31, 2007 and 2006
have been restated to exclude the assets, liabilities, and operations of Cady
Brook Apartments, as the assets and liabilities of this Local Limited
Partnership are held for sale at December 31, 2007, and Eastridge Apartments and
SOL 413 due to their sales in 2007.  2007 and 2006 amounts also exclude
assets, liabilities and operations of Valley Oaks and Kentucky Manor as no
financial information is available for these Local Limited
Partnerships.  In addition to being the
Corporate General Partner of the Partnership, NAPICO, or one of its affiliates,
is the general partner for five Local Limited Partnerships and was the property
management agent for two of the Local Limited Partnerships for the year ended
December 31, 2006. The Local Limited Partnerships paid affiliates of NAPICO
property management fees in the amount of 5 percent of their gross revenues. The
amounts paid were approximately $8,000 for the year ended December 31, 2006.
During 2006, the affiliate ceased providing property management services for any
of the Local Limited Partnerships.  The current policy of the United States
Department of Housing and Urban Development(HUD) is to
not renew the Housing Assistance Payment (HAP) Contracts on a long term basis
on the existing terms.  In connection with renewals of the HAP Contracts
under current law and policy, the amount of rental assistance payments under
renewed HAP Contracts will be based on market rentals instead of above market
rentals, which may not be the case under existing HAP Contracts.  The
payments under the renewed HAP Contracts may not be in an amount that would
provide sufficient cash flow to permit owners of properties subject to HAP
Contracts to meet the debt service requirements of existing loans insured by theFederal Housing Administration of HUD (FHA) unless such mortgage loans
are restructured.  In order to address the reduction in payments under HAP
Contracts as a result of current policy, the Multi-family Assisted Housing
Reform and Affordability Act of 1997 (MAHRAA) provides for the restructuring
of mortgage loans insured by the FHA with respect to properties subject to the
Section 8 program.  Under MAHRAA, an FHA-insured mortgage loan can be
restructured into a first mortgage loan which will be amortized on a current
basis and a low interest rate second mortgage loan payable to FHA which will
only be payable on maturity of the first mortgage loan. This restructuring
results in a reduction in annual debt service payable by the owner of the
FHA-insured mortgage loan and is expected to result in an insurance payment from
FHA to the holder of the FHA-insured loan due to the reduction in the principal
amount. MAHRAA also phases out project-based subsidies on selected properties
serving families not located in rental markets with limited supply, converting
such subsidies to a tenant-based subsidy.  When the HAP Contracts are
subject to renewal, there can be no assurance that the Local Limited
Partnerships in which the Partnership has an investment will be permitted to
restructure their mortgage indebtedness under MAHRAA. In addition, the economic
impact on the Partnership of the combination of the reduced payments under the
HAP Contracts and the restructuring of the existing FHA-insured mortgage loans
under MAHRAA is uncertain.  NOTE 3 - NOTES PAYABLE AND
AMOUNTS DUE FOR PARTNERSHIP INTERESTS  The Partnership is obligated
on non-recourse notes payable of $520,000, which bear interest at 9.5 percent
per annum and have principal maturities of December 1999. The notes and related
interest are payable from cash flow generated from operations of the related
rental property as defined in the notes. These obligations are collateralized by
the Partnerships investment in the Local Limited Partnership. Unpaid interest
is due at maturity of the notes. The notes payable and related accrued interest
aggregating approximately $1,686,000, relating to Cassady Village Apartments,
Ltd. (Cassady Village), became payable prior to December 31, 2007 and are
currently in default. During the year ended December 31, 2005, the Partnership
entered into an agreement with the non-recourse note holder for Cassady Village
to permit them to purchase a series of projects including the properties owned
by the Local Limited Partnerships Cassady Village and Marshall Plaza I & II
Apartments.  Pending the decision to purchase one of the above properties
and enter into a purchase agreement, the note holder agreed to forebear taking
any action under the note for such period.  The Partnerships investment
balance in Cassady Village at December 31, 2007 was approximately
$80,000.   The Partnerships investment balance in Marshall Plaza I
& II Apartments at December 31, 2007 was zero.  One of the Partnerships
investments involved a purchase of partnership interests from partners who
subsequently withdrew from the partnership. The purchase of this interest
provided for an additional cash payment of approximately $8,000 based upon
specific events as outlined in the purchase agreement. In connection with the
sale of SOL 413 during 2007, this amount was written off and recognized as a
gain on extinguishment of debt for the year ended December 31,
2007.


NOTE 4 - TRANSACTIONS WITH
AFFILIATED PARTIES  Under
the terms of the Restated Certificate and Agreement of Limited Partnership, the
Partnership is obligated to NAPICO for an annual management fee equal to 0.5 percent of the Partnerships original
remaining invested assets of the Local Limited Partnerships. Invested assets are
defined as the costs of acquiring project interests, including the proportionate
amount of the mortgage loans related to the Partnerships interests in the
capital accounts of the respective Local Limited Partnerships. The fee was
approximately $150,000 and $158,000 for the years ended December 31, 2007
and 2006, respectively.  In addition to being the
Corporate General Partner of the Partnership, NAPICO, or one of its affiliates,
is the general partner for five Local Limited Partnerships and was the property
management agent for two of the Local Limited Partnerships for the year ended
December 31, 2006. The Local Limited Partnerships paid affiliates of NAPICO
property management fees in the amount of 5 percent of their gross revenues. The
amounts paid were approximately $8,000 for the year ended December 31, 2006.
During 2006, the affiliate ceased providing property management services for any
of the Local Limited Partnerships.  In addition to its indirect
ownership of the general partnership interest in the Partnership, AIMCO and its
affiliates owned 879.5 limited partnership units (the "Units") (or 1,759 limited
partnership interests) in the Partnership representing 10.53% of the outstanding
Units at December 31, 2007. A Unit consists of two limited partnership interests. A
number of these Units were acquired pursuant to tender offers made by AIMCO or
its affiliates. It is possible that AIMCO or its affiliates will acquire
additional Units in exchange for cash or a combination of cash and units in
AIMCO Properties, L.P., the operating partnership of AIMCO, either through
private purchases or tender offers. Under the Partnership Agreement, unitholders
holding a majority of the Units are entitled to take action with respect to a
variety of matters that include, but are not limited to, voting on certain
amendments to the Partnership Agreement and voting to remove the Corporate
General Partner. Although the Corporate General Partner owes fiduciary duties to
the limited partners of the Partnership, the Corporate General Partner also owes
fiduciary duties to AIMCO as its sole stockholder. As a result, the duties of
the Corporate General Partner, as corporate general partner, to the Partnership
and its limited partners may come into conflict with the duties ofthe Corporate General
Partner to AIMCO as its sole stockholder.  NOTE 5 - INCOME
TAXES  The Partnership is not taxed on its income. The
partners are taxed in their individual capacities based upon their distributive
share of the Partnership's taxable income or loss and are allowed the benefits
to be derived from off-setting their distributive share of the tax losses
against taxable income from other sources subject to passive loss limitations.
The taxable income or loss differs from amounts included in the statements of
operations because different methods are used in determining the losses of the
Local Limited Partnerships. The tax loss is allocated to the partner groups in
accordance with Section 704(b) of the Internal Revenue Code and therefore is not
necessarily proportionate to the interest percentage
owned.


A
reconciliation follows:  Years
Ended December 31,2007
2006(in
thousands)Net
income per financial statements, as
restated
$
1,128
$  
273Accrued
interest
(207)
51Other
(380)
39Saleof
investment in Local LimitedPartnership
--
893Partnership's share of Local LimitedPartnership
1,331
202Income
per tax return
$1,872
$1,458Taxable
income per limited partnershipinterest
$206.10
$168.46  The
following is a reconciliation between the Partnerships reported amounts and the
Federal tax basis of net assets and liabilities, as restated:  December 31,
2007(in
thousands)Net
assets as reported
$ 
  979Add
(deduct):Deferred offering costs
4,976Investment in Local Limited Partnerships
(14,895)Accrued
interest
369Other
3,714Net
deficit  Federal tax basis
$(4,857)  The Partnership is subject
to a New Jersey tax based upon the number of resident and non-resident limited
partners and apportionment of income related to the Partnerships investment in
certain Local Limited Partnerships.  For the years ended December 31, 2007
and 2006 the expense related to this tax is reflected in tax expense in the
consolidated statements of operations.  At December 31, 2007, the
Partnerships estimate of the tax and penalties and interest related to 2002 and
2003 late filings currently due to the state of New Jersey is approximately
$140,000 and this amount is reflected in taxes payable on the consolidated
balance sheet.  NOTE 6 - REAL ESTATE AND
ACCUMULATED DEPRECIATION OF LOCAL LIMITED PARTNERSHIPS IN WHICH REAL VI HAS
INVESTED  (1)Schedule
of Encumbrances and Investment Properties (all amounts unaudited except for
those amounts related to the Material Investee  see Note 2):  Gross
Amount at Which CarriedAt
December 31, 2007(in
thousands)Buildingsand
RelatedPersonal

Accumulated
Date
ofDescription
Encumbrances
Land
Property
Total
Depreciation
ConstructionCassadyVillage
$  
525
$ 
157
$
2,057
$
2,214
$
1,609
(A)Crockett
Manor
978
87
1,335
1,422
1,113
(A)Grant-Ko
Enterprises
1,184
100
1,506
1,606
1,175
(A)Hummelstown
Manor
1,684
97
1,788
1,885
1,751
1983KentuckyManor (B)
--
--
--
--
--
(A)MarshallPlazaI
45
68
709
777
554
(A)Marshall Plaza
II
76
79
922
1,001
721
(A)New-Bel-Mo
347
40
575
615
443
(A)Oakridge Park
II
1,154
55
1,645
1,700
1,511
(A)Oakwood
Manor
405
69
902
971
541
(A)Park
Place
3,346
337
7,845
8,182
4,774
1983-1984Sauk-Ko
Enterprises
692
60
1,220
1,280
966
(A)Valley Oaks Senior
(B)
--
--
--
--
--
(A)Villas de
Orocovix
1,328
60
1,942
2,002
1,624Totals
$11,764
$1,209
$22,446
$23,655
$16,782  (A)   This project was completed when
REAL VI invested in the Local Limited Partnership.  (B)   Financial
information is unavailable for 2007 and 2006.  (2)Reconciliation of real estate(all amounts unaudited
except for those amounts related to the Material Investee  see Note 2)(in thousands):  Years
Ended December 31,2007


2006Material
2007
2007
Material
2006
2006Investee
Unaudited
Total
Investee
Unaudited
TotalReal
estate:




(Restated)
(Restated)Balance
at beginning of year
$
8,182
$19,831
$28,013
$
8,135
$22,109
$30,244Improvements
--
60
60
47
104
151Disposals/impairment
--
(85)
(85)
--
(85)
(85)Assignment
of interest
--
--
--
--
(2,297)
(2,297)Assets
held for sale
--
(2,014)
(2,014)
--
--
--Saleof
property
--
(2,319)
(2,319)
--
--
--Balance
at end of year
$8,182
$15,473
$23,655
$8,182
$19,831
$28,013


Years
Ended December 31,2007


2006Material
2007
2007
Material
2006
2006Investee
Unaudited
Total
Investee
Unaudited
TotalAccumulated
depreciation:




(Restated)
(Restated)Balance
at beginningof year
$
4,565
$13,986
$18,551
$
4,357
$14,752
$19,109Depreciation
expense
209
405
614
208
533
741Impairment
(disposals)
--
586
586
--
(4)
(4)Assignment
of interest
--
--
--
--
(1,295)
(1,295)Assets
held for sale
--
(1,042)
(1,042)
--
--
--Sale
of property
--
(1,927)
(1,927)
--
--
--Balance
at end of year
$4,774
$12,008
$16,782
$4,565
$13,986
$18,551  NOTE 7 - ABANDONMENT OF
UNITS  During
the years ended December 31, 2007 and 2006, the number of Limited Partnership
Interests decreased by 12 and 26 interests, respectively, due to limited
partners abandoning their interests. In abandoning his or her Limited
Partnership Interest(s), a limited partner relinquishes all right, title, and
interest in the Partnership as of the date of abandonment.  NOTE 8 -
CONTINGENCIES  The
Corporate General Partner is involved in various lawsuits arising from
transactions in the ordinary course of business. In the opinion of management
and the Corporate General Partner, the claims will not result in any material
liability to the Partnership.


ITEM
8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURES None.  ITEM 8a.   
CONTROLS AND PROCEDURES  (a)Disclosure Controls and
Procedures  The Partnerships
management, with the participation of the principal executive officer and
principal financial officer of the Corporate General Partner, who are the
equivalent of the Partnerships principal executive officer and principal
financial officer, respectively, has evaluated the effectiveness of the
Partnerships disclosure controls and procedures (as defined in Rules 13a-15(e)
and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the
Exchange Act)) as of the end of the period covered by this report. In connection with the restatement of the
Partnerships financial statements due to the failure to properly record
management fee expense, the Partnerships management reevaluated the
effectiveness of the Partnerships disclosure controls and procedures. 
Based on this reevaluation, the Partnerships management has concluded that a
material weakness in the Partnerships internal control over financial reporting
existed and the Partnerships disclosure controls and procedures were not
effective as of December 31, 2007.  Subsequent to September 30, 2008, the
Partnerships management remediated the material weakness in its internal
control by restating the Partnerships financial statements and improving the
education of accounting personnel to ensure the understanding and application of
appropriate accounting treatment, as well as improving the Partnership's
accounting review procedures.  Accordingly, the Partnership's management
has concluded that, as of the date of this filing, the Partnership's disclosure
controls and procedures and internal controls over financial reporting are
effective.  Managements Report on
Internal Control Over Financial Reporting  The Partnerships management
is responsible for establishing and maintaining adequate internal control over
financial reporting. Internal control over financial reporting is defined in
Rule 13a-15(f) and 15d-15(f) under the Exchange Act as a process designed by, or
under the supervision of, the principal executive and principal financial
officers of the Corporate General Partner, who are the equivalent of the
Partnerships principal executive officer and principal financial officer,
respectively, and effected by the Partnerships management and other personnel
to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of consolidated financial statements for external purposes
in accordance with generally accepted accounting principles and includes those
policies and procedures that:  ·pertain
to the maintenance of records that in reasonable detail accurately and fairly
reflect the transactions and dispositions of assets;  ·provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of consolidated financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures are being
made only in accordance with authorizations of the Partnerships management;
and  ·provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of assets that could have a material effect on
the consolidated financial statements.  Because of its inherent
limitations, internal control over financial reporting may not prevent or detect
misstatements. Projections of any evaluation of effectiveness to future periods
are subject to the risks that controls may become inadequate because of changes
in conditions, or that the degree of compliance with the policies or procedures
may deteriorate.  The Partnerships management
assessed the effectiveness of the Partnerships internal control over financial
reporting as of December 31, 2007.  In making this assessment, the Partnerships management used the criteria set forth by
the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in
Internal Control-Integrated Framework.  Based on their assessment,
the Partnerships management concluded that, as of December 31, 2007, the
Partnerships internal control over financial reporting. In the Partnerships annual report on Form 10-KSB for
the year ended December 31, 2007, the Partnerships management concluded that
the Partnerships internal control over financial reporting was effective as of
December 31, 2007.  As a result of the Partnerships restatement of its
financial statements due to the failure to properly record management fee
expense, a control deficiency existed that represented a material weakness in
the Partnerships internal control over financial reporting.  Accordingly,
and solely as a consequence of the restatement of the Partnerships financial
statements, the Partnerships management has revised its earlier assessment and
concluded the Partnerships internal control over financial reporting was not
effective as of December 31, 2007.  This annual report does not
include an attestation report of the Partnerships registered public accounting
firm regarding internal control over financial reporting. Managements report
was not subject to the attestation by the Partnerships registered public
accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permit the Partnership to provide only managements report in
this annual report.  (b)Changes in Internal Control
Over Financial Reporting.  Subsequent
to September 30, 2008, the Partnerships management remediated the material
weakness in its internal control by restating the Partnerships financial
statements and improving the education of accounting personnel to ensure the
understanding and application of appropriate accounting treatment, as well as
improving the Partnership's accounting review procedures.  Accordingly, the
Partnership's management has concluded that, as of the date of this filing, the
Partnership's disclosure controls and procedures and internal controls over
financial reporting are effective.  ITEM 8b.    OTHER
INFORMATION  None.


PART III  ITEM
9.     DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
PERSONS AND CORPORATE GOVERNANCE; COMPLIANCE WITH SECTION 16 (a) OF THE
EXCHANGE ACT  Real Estate Associates
Limited VI (the Partnership or the Registrant) has no directors or officers.
The general partner responsible for conducting the business of the Partnership
is National Partnership Investments Corp., a California Corporation (NAPICO or
the Corporate General Partner).  The names and ages of, as
well as the positions and offices held by, the present directors and officers of
NAPICO are set forth below:  The Corporate General Partner manages and
controls substantially all of the Partnerships affairs and has general
responsibility and ultimate authority in all matters affecting its business.
There are no family relationships between or among any directors or
officers.  Name
Age
PositionDavid R.
Robertson
42
President, Chief
Executive Officer and DirectorHarry G. Alcock
45
Executive Vice
President and DirectorLance J.
Graber
46
Executive Vice
PresidentLisa R.
Cohn
39
Executive Vice
President, General Counseland
SecretaryPatti K.
Fielding
44
Executive Vice
President, Securities and Debt;TreasurerThomas M.
Herzog
45
Executive Vice
President and Chief Financial OfficerMartha L.
Long
48
Senior Vice
PresidentStephen B.
Waters
46
Vice
President  David R. Robertson has been
President, Chief Executive Officer and a Director of the Corporate General
Partner since October 2002.   Mr. Robertson has been an Executive Vice
President of AIMCO since February 2002, and was appointed President and Chief
Executive Officer of AIMCO Capital in October 2002.  Mr. Robertson is
responsible for portfolio strategy, capital allocation, investments, joint
ventures, asset management and transaction activity. Since February 1996, Mr.
Robertson has been Chairman and Chief Executive Officer of Robeks Corporation, a
privately held chain of specialty food stores.  Harry
G. Alcock was appointed as a Director of the Corporate General Partner in
October 2004 and was appointed Executive Vice President of the Corporate General
Partner in February 2004 and has been Executive Vice President of AIMCO since
October 1999.  Mr. Alcock has had responsibility for acquisition and
financing activities of AIMCO since July 1994, serving as Vice President from
July 1996 to October 1997 and as Senior Vice President from October 1997 to
October 1999.  Mr. Alcock focuses on transactions related to AIMCOs
portfolio of properties in the western portion of the United States.  Lance J. Graber was
appointed Executive Vice President of the Corporate General Partner in February
2004 and of AIMCO in October 1999 and focuses on transactions related to
Aimcos  portfolio of properties in the eastern portion of the United
States.  Lisa R. Cohn was appointed
Executive Vice President, General Counsel and Secretary of the Corporate General
Partner and AIMCO in December 2007.  From January 2004 to December 2007,
Ms. Cohn served as Senior Vice President and Assistant General Counsel of
AIMCO.  Ms. Cohn joined AIMCO in July 2002 as Vice President and Assistant
General Counsel.  Prior to joining AIMCO, Ms. Cohn was in private practice
with the law firm of Hogan and Hartson LLP.  Patti K. Fielding was
appointed Executive Vice President - Securities and Debt; Treasury of the
Corporate General Partner in May 2007. Ms. Fielding was appointed Executive Vice
President of AIMCO in February 2003 and also appointed as Treasurer of AIMCO in
January 2005. Ms. Fielding is responsible for debt financing and the treasury
department.  Ms. Fielding previously served as Senior Vice President -
Securities and Debt of AIMCO from January 2000 to February
2003.  Ms. Fielding joined AIMCO in February 1997 as a Vice
President.  Thomas M. Herzog was
appointed Executive Vice President and Chief Financial Officer of the Corporate
General Partner in May 2007.  Mr. Herzog was appointed Chief Financial
Officer of AIMCO in November 2005 and was appointed Executive Vice President
AIMCO in July 2005.  In January 2004, Mr. Herzog joined AIMCO as Senior
Vice President and Chief Accounting Officer. Prior to joining AIMCO in January
2004, Mr. Herzog was at GE Real Estate, serving as Chief Accounting Officer
& Global Controller from April 2002 to January 2004 and as Chief Technical
Advisor from March 2000 to April 2002.  Prior to joining GE Real Estate,
Mr. Herzog was at Deloitte & Touche LLP from 1990 to 2000.  Martha L. Long was appointed
Senior Vice President of the Corporate General Partner in May 2007.  Ms.
Long has been with AIMCO since October 1998 and has served in various
capacities. From 1998 to 2001, Ms. Long served as Senior Vice President and
Controller of AIMCO. During 2002 and 2003, Ms. Long served as Senior Vice
President of Continuous Improvement for AIMCO.  Stephen B. Waters was
appointed Vice President of the Corporate General Partner in May 2007 and of
AIMCO in April 2004.  Mr. Waters previously served as a Director of Real
Estate Accounting since joining AIMCO in September 1999.  Mr. Waters has
responsibility for partnership accounting with AIMCO and serves as the principal
financial officer of the Corporate General Partner.  One or more of the above
persons are also directors and/or officers of a general partner (or general
partner of a general partner) of limited partnerships which either have a class
of securities registered pursuant to Section 12(g) of the Securities Exchange
Act of 1934, or are subject to the reporting requirements of Section 15(d) of
such Act. Further, one or more of the above persons are also officers of
Apartment Investment and Management Company and the general partner of AIMCO
Properties, L.P., entities that have a class of securities registered pursuant
to Section 12(g) of the Securities Exchange Act of 1934, or are subject to the
reporting requirements of Section 15 (d) of such Act.  The board of directors of
the Corporate General Partner does not have a separate audit committee. As such,
the board of directors of the Corporate General Partner fulfills the functions
of an audit committee. The board of directors has determined that Martha L. Long
meets the requirement of an "audit committee financial expert".  The directors and officers
of the Corporate General Partner with authority over the Partnership are all
employees of subsidiaries of AIMCO. AIMCO has adopted a code of ethics that
applies to such directors and officers that is posted on AIMCO's website
(www.AIMCO.com). AIMCO's website is not incorporated by reference to this
filing.  ITEM 10.   
EXECUTIVE COMPENSATION  None of the directors and
officers of the Corporate General Partner received any remuneration from the
Partnership during the year ended December 31, 2007.  ITEM 11.   
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT  (a)   The General
Partners own all of the outstanding general partnership interests of the
Partnership.  Except as noted below, no person or entity was known by the
Partnership to own of record or beneficially more than 5% of the Limited
Partnership Interests of the Partnership as of December 31, 2007.  The
following table sets forth certain information regarding limited partnership
interests of the Partnership owned by each person or entity as known by the
Partnership to own beneficially or exercise voting or dispositive control over
more than 5% of the Partnerships limited partnership interests as of December
31, 2007.


Name
of Beneficial Owner
Number
of Interests
%
of ClassAIMCO
Properties, L.P.
1,759
10.53%(affiliate of the Corporate General Partner)  The
business address of AIMCO Properties, L.P. is4582 S. Ulster
St.Parkway,
Suite 1100, Denver, Colorado 80237.  (b)   None of the
directors or officers of the Corporate General Partner own directly or
beneficially any limited partnership interests in the Partnership.  ITEM 12.   
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE  Under
the terms of the Restated Certificate and Agreement of Limited Partnership, the
Partnership is obligated to NAPICO for an annual management fee equal to 0.5 percent of the Partnerships original
remaining invested assets of the Local Limited Partnerships. Invested assets are
defined as the costs of acquiring project interests, including the proportionate
amount of the mortgage loans related to the Partnerships interests in the
capital accounts of the respective Local Limited Partnerships. The fee was
approximately $150,000 and $158,000 for the years ended December 31, 2007
and 2006, respectively.  In addition to being the
Corporate General Partner of the Partnership, NAPICO, or one of its affiliates,
is the general partner for five Local Limited Partnerships and was the property
management agent for two of the Local Limited Partnerships for the year ended
December 31, 2006. The Local Limited Partnerships paid affiliates of NAPICO
property management fees in the amount of 5 percent of their gross revenues. The
amounts paid were approximately $8,000 for the year ended December 31, 2006.
During 2006, the affiliate ceased providing property management services for any
of the Local Limited Partnerships.  In addition to its indirect
ownership of the general partnership interest in the Partnership, AIMCO and its
affiliates owned 879.5 limited partnership units (the "Units") (or 1,759 limited
partnership interests) in the Partnership representing 10.53% of the outstanding
Units at December 31, 2007. A Unit consists of two limited partnership
interests. A number of these Units were acquired pursuant to tender offers made
by AIMCO or its affiliates. It is possible that AIMCO or its affiliates will
acquire additional Units in exchange for cash or a combination of cash and units
in AIMCO Properties, L.P., the operating partnership of AIMCO, either through
private purchases or tender offers. Under the Partnership Agreement, unitholders
holding a majority of the Units are entitled to take action with respect to a
variety of matters that include, but are not limited to, voting on certain
amendments to the Partnership Agreement and voting to remove the Corporate
General Partner. Although the Corporate General Partner owes fiduciary duties to
the limited partners of the Partnership, the Corporate General Partner also owes
fiduciary duties to AIMCO as its sole stockholder. As a result, the duties of
the Corporate General Partner, as corporate general partner, to the Partnership
and its limited partners may come into conflict with the duties of the Corporate
General Partner to AIMCO as its sole stockholder.  Neither of the Corporate
General Partners directors is independent under the independence standards
established for New York Stock Exchange listed companies as both directors are
employed by the parent of the Corporate General Partner.  ITEM 13.   
EXHIBITS  See
Exhibit Index.  ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES  The Corporate General
Partner has reappointed Ernst & Young LLP as independent auditors to audit
the consolidated financial statements of the Partnership for 2008.  The
aggregate fees billed for services rendered by Ernst & Young LLP for 2007
and 2006 are described below.  Audit Fees.  Fees for audit
services totaled approximately $32,000 and $40,000 for 2007 and 2006,
respectively. Fees for audit services also include fees for the reviews of
the Partnership's Quarterly Reports on Form 10-QSB.  Tax Fees.  Fees for tax
services totaled approximately $22,000 and $21,000 for 2007 and 2006,
respectively.


SIGNATURES  In accordance with the
requirements of Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.   REAL ESTATE ASSOCIATES
LIMITED VIBy:  
National Partnership Investments Corp.Corporate General Partner/s/ Martha L.
LongMartha L.
LongSenior Vice
President/s/Stephen B.
WatersStephen B.
WatersVice
PresidentDate: January 22,
2009  In accordance with the
requirements of the Exchange Act, this report has been signed below by the
following persons on behalf of the Registrant and in the capacities and on the
dates indicated.  /s/David R.
Robertson
Director and President
Date: January 22, 2009David R.
Robertson/s/Harry G.
Alcock
Director and
Executive
Date: January 22, 2009Harry G.
Alcock
Vice
President/s/Martha L.
Long
Senior Vice President
Date: January 22, 2009Martha L.
Long/s/Stephen B.
Waters
Vice
President
Date: January 22, 2009Stephen B.
Waters


REAL ESTATE ASSOCIATES LIMITED VI EXHIBIT INDEX   ExhibitDescription of Exhibit  3        
Articles of incorporation and bylaws: The registrant is not incorporated. The
Partnership Agreement was filed with Form S-11 #2-82090 which is hereby
incorporated by reference.  3.1       
Amendment to the Restated Certificate and Agreement of Limited Partnership of
Real Estate Associates Limited VI, filed with Current Report on Form 8-K dated
December 29, 2004, which is hereby incorporated by reference.  10.2      
Assignment and Assumption Agreement by and between Real Estate Associates
Limited VI, a California limited partnership, Harlin J. Wall and Parkesedge
Corporation, a Pennsylvania corporation, and Harlin J. Wall and M. Joy Wall,
individuals, incorporated by reference to Current Report on Form 8-K dated July
25, 2006.  31.1      
Certification of equivalent of Chief Executive Officer pursuant to Securities
Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002.  31.2      
Certification of equivalent of Chief Financial Officer pursuant to Securities
Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002.  32.1      
Certification of the equivalent of the Chief Executive Officer and Chief
Financial Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.