What to do if i have this little pooch. can i wear a neoprene belt to help reshape and flatten that area?

That won't work: Abdominal fat is first to show and last to go. Wearing a rubber belt will cause you to sweat and lose some water which may make your abdomen look thinner, but as soon as you drink water it will return to its former size. Best way to lose the gut is the tried and true method of decreasing calorie intake and increase calorie burning by increasing activity. You can't spot reduce, fat is lost evenly.