Dr. Robert S Shumake Biography
 |
Dr. Robert S. Shumake is the founder of Inheritance Investment Group, a Michigan based real estate investment and development firm. As founder and president, Dr. Shumake invests, manages and develops commercial and residential real estate. Dr. Shumake has implemented policies and funding strategies to raise capital for small businesses, mortgage loans, commercial leasing and specialized financing. Dr. Shumake's vision is to expand housing opportunities for people dreaming the American dream of owning a home.
Dr. Shumake founded the real estate and business corporation, First Equity Holdings in 1996. Since then, First Equity Holdings managed and sold 85% of the Department of Housing and Urban Development (HUD) inventory in the state of Michigan with sales of approximately 80 million dollars. In addition, Dr. Shumake has developed, sold, or financed well over 100 million dollars in real estate. Based on the success of First Equity Holdings, Dr. Shumake received a White House appointment to the Board of Directors for the Federal Home Loan Bank Board, the second largest bank in America with 700 billion in assets. As a director, Dr. Shumake presided over the Affordable Housing Committees in Michigan and Indiana. Dr. Shumake was also appointed by the governor of Michigan, as a member of the Board of Real Estate Brokers and Salespersons with responsibilities to regulate and license real estate professionals.
As a supporter of cultural arts, Dr. Shumake is a member of the Charles H. Wright Museum of African American History, located in Detroit, MI . Dr. Shumake also served on the board of directors for the Lewis College of Business. Dr. Shumake is an active culturist, specializing in political and educational fundraising strategies. He has also served on national finance committees for not-for-profit companies and political candidates.
Dr. Shumake has written For Entrepreneurs Who Considered Suicide When Business Got Tough! for individuals looking to achieve their entrepreneurial and financial dreams. The book is a guide, based on Dr. Shumake's experiences as an entrepreneur, for building wealth. Packed with quotes and helpful advice, as well as interactive pages for recording your personal and professional goals, For Entrepreneurs Who Considered Suicide When Business Got Tough! is a must have resource for anyone on a journey to do business well.
In addition to being an author, Dr. Shumake hosts radio and television programs in the Detroit area. His radio show, “Necessary Business with Robert Shumake” airs weekly on WCHB-AM. “Take the Land” is a simulcast program that airs weekly. “Take the Land” can be seen on TV 68, TV 33 and heard on WHPR 88.1 FM in Detroit, Michigan.
Affiliations
National Association of Factoring Professionals
American Cash Flow Association
Diversified Cash Flow Association
Debt Instrument and Financial Professionals
Appointments
Board Member, Real Estate Broker and Salesperson
Board of Director, Federal Home Loan Bank
Chairman, Detroit City Council Alternative Finance Committee
Chairman, Michigan Small Business Development Center Advisory Board
Trustee, Lewis College of Business , Detroit
Honors and Accolades
Small Business Leader Crescent Award, Future Leaders of Detroit
African-American Male Empowerment Entrepreneur of the Year, Detroit City Council
Man of the Year, Alpha Phi Alpha
Nominated, Ernst and Young Entrepreneur of the Year
Nominated, Business Leader 100 Impact Awards
Education
Dearborn Financial Institute
Larry Pino Institute of Finance
Licensed Real Estate Broker
Licensed Mortgage Banker
Honorary Doctorate, Lewis College of Business
Memberships
NAACP
Alpha Phi Alpha Fraternity Inc.
Prince Hall Free and Accepted Masons
Bridge Foundation, Charles H. Wright Museum of African American History, Detroit
National Order of Odd Fellows
Additional information:Have a question or comment? Contact Dr. Shumake online.
