UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

               For the quarterly period ended March 31, 2004


[ ]   TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
      EXCHANGE ACT OF 1934

          For the transition period from __________ to __________

                         Commission file number 0-13112


                        REAL ESTATE ASSOCIATES LIMITED VI
             (Exact name of registrant as specified in its charter)


          California                                             95-3778627
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation 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)

<PAGE>

                         PART I - FINANCIAL INFORMATION


ITEM 1.     FINANCIAL STATEMENTS



                        REAL ESTATE ASSOCIATES LIMITED VI
                       (a California limited partnership)

                           CONSOLIDATED BALANCE SHEET

                                 MARCH 31, 2004
                                 (in thousands)
                                   (Unaudited)



                        ASSETS

Investments in and advances to local limited
  partnerships (Note 2)                                                   $ 411
Cash and cash equivalents                                                   548

            Total assets                                                  $ 959

          LIABILITIES AND PARTNERS' DEFICIT

Liabilities:
  Notes payable and amounts due for partnership
    interests, including $520 in default (Note 3)                        $ 1,570
  Accrued interest payable, including $959 in
    default (Note 3)                                                       2,475
  Accounts payable and accrued expenses                                       31

Partners' deficit:
  General partners                                          $ (383)
  Limited partners                                          (2,734)      (3,117)

         Total liabilities and partners' deficit                          $ 959



        See Accompanying Notes to Consolidated Financial Statements


<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (a California limited partnership)

                   CONSOLIDATED STATEMENTS OF OPERATIONS
                  (in thousands, except per interest data)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                              Three Months Ended
                                                                  March 31,
                                                            2004            2003
Revenues:
<S>                                                         <C>             <C>
  Interest income                                           $ 1             $ 5

Operating expenses:
  Management fee - partners (Note 4)                           43              46
  Legal and accounting                                         37              52
  General and administrative (Note 4)                          15              12
  Interest (Note 3)                                            34              34
        Total operating expenses                              129             144

Loss from partnership operations                             (128)           (139)
Distributions from local limited partnerships
  recognized as income (Note 2)                                10              --
Equity in loss of local limited partnerships and
  amortization of acquisition costs (Note 2)                  (75)           (144)

Net loss                                                   $ (193)         $ (283)

Net loss allocated to general partners (1%)                 $ (2)           $ (3)
Net loss allocated to limited partners (99%)                 (191)           (280)

                                                           $ (193)         $ (283)

Net loss per limited partnership interest (Note 1)        $(11.40)        $(16.71)


        See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (a California limited partnership)

                CONSOLIDATED STATEMENT OF PARTNERS' DEFICIT
                    (in thousands, except interest data)
                                   (Unaudited)
<TABLE>
<CAPTION>

                                        General          Limited
                                       Partners          Partners          Total

<S>                                                       <C>
Partnership interests (A)                                 16,752

Partners' deficit,
  December 31, 2003                     $ (381)          $(2,543)         $(2,924)

Net loss for the three months
  ended March 31, 2004                      (2)             (191)            (193)

Partners' deficit,
  March 31, 2004                        $ (383)          $(2,734)         $(3,117)


(A)   Consists of 16,752  partnership  interests  at March 31, 2004 and December
      31, 2003.


        See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (a California limited partnership)

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (in thousands)
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                       Three Months Ended
                                                                           March 31,
                                                                      2004            2003
Cash flows from operating activities:
<S>                                                                  <C>             <C>
  Net loss                                                           $ (193)         $ (283)
  Adjustments to reconcile net loss to net cash used in
   operating activities:
     Equity in loss of local limited partnerships and
      amortization of acquisition costs                                  75              13
     Advance to be made to local limited partnerships                    --             123
     Change in accounts:
      Due to affiliates                                                  --             (46)
      Accounts payable and accrued expenses                              31              39
      Accrued interest payable                                           34              34
         Net cash used in operating activities                          (53)           (120)

Cash flows from investing activities:
  Distributions from local limited partnerships recognized
   as a reduction of the investment balance                              40              --
  Advances to local limited partnerships                                (71)             --
         Net cash used in investing activities                          (31)             --

Net decrease in cash and cash equivalents                               (84)           (120)
Cash and cash equivalents, beginning of period                          632           1,509

Cash and cash equivalents, end of period                             $ 548          $ 1,389


        See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (a California limited partnership)

                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

                                 MARCH 31, 2004

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

General

The information  contained in the following notes to the consolidated  financial
statements  is  condensed  from that which would  appear in the  audited  annual
consolidated  financial  statements;  accordingly,  the  consolidated  financial
statements   included  herein  should  be  reviewed  in  conjunction   with  the
consolidated  financial  statements  and related notes thereto  contained in the
annual  report for the year ended  December  31,  2003  prepared  by Real Estate
Associates   Limited  VI  (the   "Partnership"  or   "Registrant").   Accounting
measurements at interim dates  inherently  involve greater reliance on estimates
than at year end. The results of operations  for the interim  periods  presented
are not necessarily indicative of the results for the entire year.

In the  opinion of the  Partnership,  the  accompanying  unaudited  consolidated
financial  statements  contain all adjustments  (consisting  primarily of normal
recurring  accruals)  necessary to present fairly the financial  position of the
Partnership  at March 31, 2004 and the results of operations and changes in cash
flows for the three months ended March 31, 2004 and 2003.

The general  partners  collectively  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.  The general  partners of the Partnership are National  Partnership
Investments  Corp.  ("NAPICO" or the "Corporate  General  Partner") and National
Partnership   Investment  Associates  ("NAPIA"  or  the  "Non-Corporate  General
Partner").

Basis of Presentation

The  accompanying  consolidated  financial  statements  have  been  prepared  in
conformity with accounting principles generally accepted in the United States of
America.

Principles of Consolidation

The  consolidated  financial  statements  include  the  accounts  of Real Estate
Associates  Limited  VI  and  its  majority-owned   general  partnerships.   All
significant  intercompany  accounts and  transactions  have been  eliminated  in
consolidation.

Method of Accounting for Investment in Local Limited Partnerships

The investments in unconsolidated  local limited  partnerships are accounted for
on 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 Loss Per Limited Partnership Interest

Net loss per limited  partnership  interest was computed by dividing the limited
partners'  share of net loss by the  number  of  limited  partnership  interests
outstanding  at the  beginning  of the year.  The number of limited  partnership
interests was 16,752 for both of the years ended December 31, 2003 and 2002.

Recent Accounting Pronouncements

In January 2003,  the  Financial  Accounting  Standards  Board  ("FASB")  issued
Interpretation  No. 46 ("FIN 46"),  Consolidation of Variable Interest Entities.
FIN 46 requires the  consolidation of entities in which an enterprise  absorbs a
majority of the entity's  expected  losses,  receives a majority of the entity's
expected  residual  returns,  or both, as a result of ownership,  contractual or
other  financial  interests  in the  entity.  Prior to the  issuance  of FIN 46,
entities were generally  consolidated by an enterprise when it had a controlling
financial  interest  through  ownership  of a majority  voting  interest  in the
entity.  FIN 46 applied  immediately to variable interest entities created after
January 31, 2003,  and with respect to public  entities with  variable  interest
entities held before February 1, 2003, FIN 46 will apply to financial statements
for periods ending after December 15, 2004.

The Partnership has not entered into any partnership  investments  subsequent to
January  31,  2003.  The  Partnership  is  in  the  process  of  evaluating  its
investments  in  unconsolidated  local limited  partnerships  that may be deemed
variable  interest  entities under the provisions of FIN 46. The Partnership has
not yet determined the anticipated impact of adopting FIN 46 for its investments
in local limited  partnerships that existed as of January 31, 2003. However, FIN
46 may require the  consolidation  of the assets,  liabilities and operations of
certain  of  the  Partnership's  unconsolidated  investments  in  local  limited
partnerships. Although the Partnership does not believe the full adoption of FIN
46 will  have an  impact  on its cash  flow,  the  Partnership  cannot  make any
definitive  conclusion on the impact, if any, on net earnings until it completes
its evaluation, including an evaluation of the Partnership's maximum exposure to
loss.

Reclassifications

Certain  reclassifications have been made to the 2003 balances to conform to the
2004 presentation.

NOTE 2 - INVESTMENTS IN AND ADVANCES TO LOCAL LIMITED PARTNERSHIPS

As of March 31, 2004, the Partnership holds limited partnership  interests in 18
local limited partnerships (the "Local Limited Partnerships").  During 2003, the
limited partnership  interests decreased by two Local Limited Partnership due to
the  assignment  of the interest in Century  Plaza  Limited  Partnership  to the
noteholder  (see "Note 5 - Foreclosure  of Local Limited  Parntership")  and the
sale of Penneco I. In addition,  the Partnership holds a majority-owned  general
partner interest in Real Estate Associates III ("REA III") which, in turn, holds
limited partnership interests in three additional Local Limited Partnerships. In
total, therefore, the Partnership holds interests, either directly or indirectly
through REA III, in 21 Local Limited  Partnerships  which owned, as of March 31,
2004,  residential  low income rental  projects  consisting  of 1,163  apartment
units.  Certain of the Local  Limited  Partnerships  are  encumbered by mortgage
notes payable to or insured by agencies of the federal or local government.

The  Partnership,  as a limited  partner,  does not  exercise  control  over the
activities and operations,  including  refinancing or selling decisions,  of the
Local  Limited  Partnerships.  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 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 March 31,  2004,  the  investment  balance  in 19 of the 21 Local  Limited
Partnerships  had been reduced to zero. The Partnership  still has an investment
balance in Cassidy Village and Park Place Limited Partnerships.

One of the Local Limited Partnerships,  New-Bel-Mo, owned two properties. During
2003, the loan  encumbering one of the properties,  Monticello,  was declared in
technical  default by USDA for property tax defaults,  underfunded  reserves and
deferred  maintenance issues. At December 31, 2003, USDA had not accelerated the
loan or  commenced  foreclosure.  During April 2004,  Monticello  was sold to an
unrelated third party for  approximately  $280,000.  Proceeds from the sale were
used to pay liabilities of the Local Limited  Partnership.  The Partnership will
not receive a  distribution  from the sale of this property.  The  Partnership's
investment in this Local Limited Partnership was zero at March 31, 2004.

The holder of a purchase money  promissory  note issued by Century Plaza Limited
Partnership,  one of the  Partnership's  investments,  in the amount of $960,000
plus accrued  interest  payable of $1,675,554  as of December 31, 2002,  filed a
suit seeking a monetary judgment against the Partnership and the other partners.
During the three months ended March 31, 2003, the Partnership's  interest in the
Local Limited  Partnership was foreclosed on by the note holder and the suit was
terminated. The Partnership did not incur a loss as a result of this foreclosure
as it had no remaining investment balance in this Local Limited Partnership.

The following is a summary of the investments in Local Limited  Partnerships for
the three months ended March 31, 2004 (in thousands):

      Balance, beginning of period                           $  455
      Amortization of acquisition costs                          (4)
      Equity in loss of Local Limited Partnerships              (71)
      Advances to Local Limited Partnerships                     71
      Distributions recognized as a reduction of the
        investment balance                                      (40)

      Balance, end of period                                 $  411

The following are unaudited combined estimated  statements of operations for the
three  months  ended March 31, 2004 and 2003 of Local  Limited  Partnerships  in
which the Partnership has invested (in thousands):

                                                 Three Months Ended
                                                     March 31,
                                               2004             2003
                                                             (Restated)
Revenues
  Rental and other                            $ 2,146         $ 2,048

Expenses
  Operating expenses                            1,384           1,194
  Financial expenses                              517             497
  Depreciation                                    379             341
                                                2,280           2,032

Net (loss) income from continuing
  operations                                     (134)             16
Net loss from discontinued operations              --             (51)
Net loss                                      $ (134)          $ (35)

In accordance with Statement of Financial Accounting Standards ("SFAS") No. 144,
the  combined  results of  operations  for the three months ended March 31, 2003
have been  restated to reflect  the  operations  of Penneco I and Century  Plaza
Limited Partnership as loss from discontinued operations.

Under recently adopted law and policy,  the United States  Department of Housing
and Urban Development ("HUD") has determined not to 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 such new 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 the Federal  Housing  Administration  of HUD ("FHA")
unless such mortgage  loans are  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.

NOTE 3 - NOTES PAYABLE AND AMOUNTS DUE FOR PARTNERSHIP INTERESTS

Two of the Partnership's investments involved purchases of partnership interests
from partners who  subsequently  withdrew from the  operating  partnership.  The
purchase  of  these   interests   provides  for  additional   cash  payments  of
approximately  $130,000 based upon specified  events as outlined in the purchase
agreements. Such amounts have been recorded as liabilities and included in notes
payable. In addition, the Partnership is obligated on non-recourse notes payable
of $1,440,000  which bear  interest at 9.5 percent per annum and have  principal
maturities  ranging from  December 1999 to December  2012.  One note payable and
related accrued interest  aggregating  approximately  $1,479,000  became payable
prior to March 31, 2004. Management is in the process of attempting to negotiate
the  extension  of the  maturity  date on this  note  payable.  In the event the
negotiations are unsuccessful,  the Partnership could lose its investment in the
Local Limited  Partnership to foreclosure.  The  Partnership  has  approximately
$120,000 investment balance in the Local Limited Partnership at March 31, 2004.

The notes and  related  interest  are  payable  from  cash flow  generated  from
operations  of the  related  rental  properties  as defined in the notes.  These
obligations are  collateralized  by the  Partnership's  investments in the Local
Limited Partnerships. Unpaid interest is due at maturity of the notes.

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 0.4  percent  of the  original  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  $43,000  and $46,000 for the
three months ended March 31, 2004 and 2003, respectively.

The Partnership  reimburses  NAPICO for certain  expenses.  The reimbursement to
NAPICO was approximately  $6,000 for both of the three month periods ended March
31, 2004 and 2003 and is included in general and administrative expenses.

In addition to being the Corporate  General Partner of the Partnership,  NAPICO,
or one of its affiliates,  is the general partner and property  management agent
for three and five of the Local Limited  Partnerships for the three months ended
March 31,  2004 and 2003,  respectively.  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  $12,000 and $31,000
for the three months ended March 31, 2004 and 2003, respectively.

NOTE 5 - FORECLOSURE OF LOCAL LIMITED PARTNERSHIP

During the three  months  ended  March 31,  2003 the  Partnership's  interest in
Century Plaza Limited Partnership,  a Local Limited Partnership,  was foreclosed
on by the note holder. The Partnership had no investment balance related to this
Local Limited Partnership as of March 31, 2003.

NOTE 6 - 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.

Pursuant to a formal order of investigation received by AIMCO on March 29, 2004,
the  Central  Regional  Office of the  United  States  Securities  and  Exchange
Commission is conducting an  investigation  relating to certain  matters.  AIMCO
believes the areas of investigation  include AIMCO's  miscalculated  monthly net
rental  income  figures in third  quarter 2003,  forecasted  guidance,  accounts
payable,  rent concessions,  vendor rebates,  and capitalization of expenses and
payroll.  AIMCO is cooperating  fully.  AIMCO does not believe that the ultimate
outcome  will  have a  material  adverse  effect on its  consolidated  financial
condition or results of operations  taken as a whole.  Similarly,  the Corporate
General Partner does not believe that the ultimate  outcome will have a material
adverse effect on the Partnership's  consolidated financial condition or results
of operations taken as a whole.

ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The matters discussed in this report contain certain forward-looking statements,
including, without limitation, statements regarding future financial performance
and the effect of government  regulations.  Actual results may differ materially
from those described in the forward-looking statements and will be affected by a
variety of risks and factors including,  without limitation:  national and local
economic  conditions;  the terms of  governmental  regulations  that  affect the
Registrant and interpretations of those regulations; the competitive environment
in which the Registrant operates;  financing risks, including the risk that cash
flows from operations may be insufficient to meet required payments of principal
and interest;  real estate risks; including variations of real estate values and
the general  economic  climate in local markets and  competition  for tenants in
such markets;  litigation,  including  costs  associated  with  prosecuting  and
defending  claims  and  any  adverse   outcomes,   and  possible   environmental
liabilities.   Readers  should  carefully  review  the  Registrant's   financial
statements and the notes thereto,  as well as the risk factors  described in the
documents  the  Registrant  files  from  time to time  with the  Securities  and
Exchange Commission.

The Corporate  General  Partner  monitors  developments in the area of legal and
regulatory   compliance  and  is  studying  new  federal  laws,   including  the
Sarbanes-Oxley  Act of 2002. The Sarbanes-Oxley Act of 2002 mandates or suggests
additional compliance measures with regard to governance,  disclosure, audit and
other areas.  In light of these changes,  the  Partnership  expects that it will
incur higher expenses related to compliance, including increased legal and audit
fees.

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. The Partnership received  approximately $50,000
in distributions from Local Limited  Partnerships  during the three months ended
March 31, 2004. No  distributions  were  received  during the three months ended
March 31, 2003.

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.

As of March 31, 2004 and 2003, the Partnership had cash and cash  equivalents of
approximately $548,000 and $1,389,000,  respectively.  Substantially all of this
cash is on deposit  primarily with high credit quality  financial  institutions,
earning interest.  This resulted in the Partnership earning approximately $1,000
and $5,000 in  interest  income for the three  months  ended  March 31, 2004 and
2003,  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.

Results of Operations

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 0.4
percent of the Partnership's  original remaining invested assets. The management
fee is paid to the Corporate  General  Partner for its continuing  management of
the Partnership  affairs.  The fee is payable beginning with the month following
the Partnership's initial investment in a Local Limited Partnership.  Management
fees were approximately $43,000 and $46,000 for the three months ended March 31,
2004 and 2003, respectively.

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  $37,000 and $52,000 for
the three  months ended March 31, 2004 and 2003,  respectively.  The decrease in
legal and accounting fees is due to a decrease in legal costs  associated with a
lawsuit which was settled during 2003.

General and administrative  expenses were approximately  $15,000 and $12,000 for
the three  months  ended  March 31,  2004 and 2003,  respectively.  Included  in
general and  administrative  expenses are  reimbursements  to NAPICO for certain
expenses, which totaled approximately $6,000 for both of the three month periods
ended March 31, 2004 and 2003.

The Partnership  accounts for its investments in the Local Limited  Partnerships
on  the  equity  method,   thereby  adjusting  its  investment  balance  by  its
proportionate  share of the  income or loss of the Local  Limited  Partnerships.
Losses  incurred  after the Local  Limited  Partnership  investment  account  is
reduced to zero are not  recognized  in  accordance  with the equity  accounting
method.  The investments in all but two of the Local Limited  Partnerships  have
been  reduced  to zero as of  March  31,  2004.  The  Partnership  still  has an
investment balance in Cassidy Village and Park Place Limited Partnerships.

The  Partnership,  as a limited  partner,  does not  exercise  control  over the
activities and  operations,  including  refinancing or selling  decisions of the
Local  Limited  Partnerships.  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  accompanying  statements of  operations.  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. During the three months
ended  March 31, 2004 and 2003,  the  Partnership  recognized  equity in loss of
approximately $75,000 and $144,000, respectively, due primarily to advances made
to Local Limited Partnerships during the respective periods.

One of the Local Limited Partnerships,  New-Bel-Mo, owned two properties. During
2003, the loan  encumbering one of the properties,  Monticello,  was declared in
technical  default by USDA for property tax defaults,  underfunded  reserves and
deferred  maintenance issues. At December 31, 2003, USDA had not accelerated the
loan or  commenced  foreclosure.  During April 2004,  Monticello  was sold to an
unrelated third party for  approximately  $280,000.  Proceeds from the sale were
used to pay liabilities of the Local Limited  Partnership.  The Partnership will
not receive a  distribution  from the sale of this property.  The  Partnership's
investment in this Local Limited Partnership was zero at March 31, 2004.

During the three  months  ended March 31, 2003,  the  Partnership's  interest in
Century Plaza Limited Partnership,  a Local Limited Partnership,  was foreclosed
on by the note holder and the suit was terminated. The Partnership did not incur
a loss as a result of this foreclosure as it had no remaining investment balance
in this Local Limited Partnership.

Under recent adopted law and policy, the United States Department of Housing and
Urban  Development  ("HUD") has determined  not to 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 such new 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 this new 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  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  payments 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.

The Partnership is obligated on non-recourse  notes payable of $1,440,000  which
bear  interest at 9.5 percent per annum and have  principal  maturities  ranging
from December 1999 to December 2012. The notes and related  interest are payable
from cash flow  generated from  operations of the related  rental  properties as
defined in the notes.  These obligations are collateralized by the Partnership's
investments  in  the  Local  Limited  Partnerships.  Unpaid  interest  is due at
maturity of the notes.  Interest expense was  approximately  $34,000 for both of
the three month  periods  ended March 31,  2004 and 2003.  One note  payable and
related accrued interest  aggregating  approximately  $1,479,000  became payable
prior to March 31, 2004. Management is in the process of attempting to negotiate
the  extension  of the  maturity  date on this  note  payable.  In the event the
negotiations are unsuccessful,  the Partnership could lose its investment in the
Local Limited  Partnership to foreclosure.  The  Partnership  has  approximately
$120,000 investment balance in the Local Limited Partnership at March 31, 2004.

Other

In addition to its indirect ownership of the general partnership interest in the
Partnership, AIMCO and its affiliates owned 878.5 limited partnership units (the
"Units")  (or  1,757  limited   partnership   interests)   in  the   Partnership
representing  10.49% of the outstanding Units at March 31, 2004. 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.

Recent Accounting Pronouncements

In January 2003,  the  Financial  Accounting  Standards  Board  ("FASB")  issued
Interpretation  No. 46 ("FIN 46"),  Consolidation of Variable Interest Entities.
FIN 46 requires the  consolidation of entities in which an enterprise  absorbs a
majority of the entity's  expected  losses,  receives a majority of the entity's
expected  residual  returns,  or both, as a result of ownership,  contractual or
other  financial  interests  in the  entity.  Prior to the  issuance  of FIN 46,
entities were generally  consolidated by an enterprise when it had a controlling
financial  interest  through  ownership  of a majority  voting  interest  in the
entity.  FIN 46 applied  immediately to variable interest entities created after
January 31, 2003,  and with respect to public  entities with  variable  interest
entities held before February 1, 2003, FIN 46 will apply to financial statements
for periods ending after December 15, 2004.

The Partnership has not entered into any partnership  investments  subsequent to
January  31,  2003.  The  Partnership  is  in  the  process  of  evaluating  its
investments  in  unconsolidated  local limited  partnerships  that may be deemed
variable  interest  entities under the provisions of FIN 46. The Partnership has
not yet determined the anticipated impact of adopting FIN 46 for its investments
in local limited  partnerships that existed as of January 31, 2003. However, FIN
46 may require the  consolidation  of the assets,  liabilities and operations of
certain  of  the  Partnership's  unconsolidated  investments  in  local  limited
partnerships. Although the Partnership does not believe the full adoption of FIN
46 will  have an  impact  on its cash  flow,  the  Partnership  cannot  make any
definitive  conclusion on the impact, if any, on net earnings until it completes
its evaluation, including an evaluation of the Partnership's maximum exposure to
loss.

Critical Accounting Policies and Estimates

The financial  statements are prepared in accordance with accounting  principles
generally  accepted in the United States which require the  Partnership  to make
estimates  and  assumptions.  The  Partnership  believes  that  of its  critical
accounting  policies,  the following may involve a higher degree of judgment and
complexity.

Method of Accounting for Investments in Limited Partnerships

The  Partnership,  as a limited  partner,  does not  exercise  control  over the
activities and operations,  including  refinancing or selling decisions,  of the
Local  Limited  Partnerships.  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 statements of operations.

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 3.     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 such term is 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.  Based on such  evaluation,  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,  have concluded that, as of the
end of such period,  the  Partnership's  disclosure  controls and procedures are
effective.

(b) Internal Control Over Financial  Reporting.  There have not been any changes
in the Partnership's  internal control over financial reporting (as such term is
defined in Rules  13a-15(f)  and  15d-15(f)  under the Exchange  Act) during the
fiscal quarter to which this report relates that have  materially  affected,  or
are reasonably likely to materially affect,  the Partnership's  internal control
over financial reporting.

                           PART II - OTHER INFORMATION


ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

              a) Exhibits:

                  Exhibit  3,  Partnership  Agreement  (herein  incorporated  by
                  reference  to the  Partnership's  Form S-11  Registration  No.
                  2-82090).

                  Exhibit 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.

                  Exhibit 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.

                  Exhibit  32.1,  Certification  Pursuant  to 18 U.S.C.  Section
                  1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley
                  Act of 2002.

            b)    Reports on Form 8-K filed  during the quarter  ended March 31,
                  2004:

                  Current  Report dated  December 31, 2003 and filed  January 2,
                  2004 disclosing the  Stipulation of Settlement  between NAPICO
                  and the plaintiffs.

<PAGE>


                                   SIGNATURES



In accordance with the  requirements 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 VI
                                    (a California limited partnership)


                                    By:   National Partnership Investments Corp.
                                          Corporate General Partner


                                    By:   /s/David R. Robertson
                                          David R. Robertson
                                          President and Chief Executive
                                          Officer


                                    By:   /s/Brian H. Shuman
                                          Brian H. Shuman
                                          Senior Vice President and Chief
                                          Financial Officer


                                    Date: May 13, 2004


<PAGE>



Exhibit 31.1


                                  CERTIFICATION


I, David R. Robertson, certify that:


1.    I have  reviewed  this  quarterly  report on Form  10-QSB  of Real  Estate
      Associates Limited VI;

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

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

4.    The  registrant's  other  certifying  officer(s) and I are responsible for
      establishing  and  maintaining  disclosure  controls  and  procedures  (as
      defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for the registrant
      and have:

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

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

      (c)   Disclosed  in this  report any change in the  registrant's  internal
            control  over   financial   reporting   that  occurred   during  the
            registrant's  most recent fiscal  quarter (the  registrant's  fourth
            fiscal  quarter  in  the  case  of an  quarterly  report)  that  has
            materially  affected,  or is reasonably likely to materially affect,
            the registrant's internal control over financial reporting; and

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

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

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


Date:  May 13, 2004

                                    /s/David R. Robertson
                                    David R. Robertson
                                    President  and Chief  Executive  Officer  of
                                    National       Partnership       Investments
                                    Corporation,   equivalent   of   the   chief
                                    executive officer of the Partnership


<PAGE>



Exhibit 31.2


                                  CERTIFICATION

I, Brian H. Shuman, certify that:

1.    I have  reviewed  this  quarterly  report on Form  10-QSB  of Real  Estate
      Associates Limited VI;

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

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

4.    The  registrant's  other  certifying  officer(s) and I are responsible for
      establishing  and  maintaining  disclosure  controls  and  procedures  (as
      defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for the registrant
      and have:

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

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

      (c)   Disclosed  in this  report any change in the  registrant's  internal
            control  over   financial   reporting   that  occurred   during  the
            registrant's  most recent fiscal  quarter (the  registrant's  fourth
            fiscal  quarter  in  the  case  of an  quarterly  report)  that  has
            materially  affected,  or is reasonably likely to materially affect,
            the registrant's internal control over financial reporting; and

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

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

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


Date:  May 13, 2004

                                    /s/Brian H. Shuman
                                    Brian H. Shuman
                                    Senior   Vice    President   and   Chief
                                    Financial     Officer    of     National
                                    Partnership   Investments   Corporation,
                                    equivalent   of  the   chief   financial
                                    officer of the Partnership


<PAGE>


Exhibit 32.1


                          Certification of CEO and CFO
                       Pursuant to 18 U.S.C. Section 1350,
                           As Adopted Pursuant to
               Section 906 of the Sarbanes-Oxley Act of 2002



In connection with the Quarterly Report on Form 10-QSB of Real Estate Associates
Limited VI (the "Partnership"), for the quarterly period ended March 31, 2004 as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"),  David R. Robertson, as the equivalent of the chief executive officer
of the  Partnership,  and  Brian  H.  Shuman,  as the  equivalent  of the  chief
financial  officer of the  Partnership,  each hereby  certifies,  pursuant to 18
U.S.C.  Section 1350, as adopted  pursuant to Section 906 of the  Sarbanes-Oxley
Act of 2002, that, to the best of his knowledge:

      (1)   The Report fully complies with the  requirements of Section 13(a) or
            15(d) of the Securities Exchange Act of 1934; and

      (2)   The  information  contained in the Report  fairly  presents,  in all
            material respects, the financial condition and results of operations
            of the Partnership.


                                           /s/David R. Robertson
                                    Name:  David R. Robertson
                                    Date:  May 13, 2004


                                           /s/Brian H. Shuman
                                    Name:  Brian H. Shuman
                                    Date:  May 13, 2004



This  certification is furnished with this Report pursuant to Section 906 of the
Sarbanes-Oxley  Act of 2002 and shall not be deemed filed by the Partnership for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended.