Dear Bethany, just like Daniel said to you: I have - Io ho
However, just like Andrew has just told you, you can't translate word by word literally cause it's not going to make any sense...
To explain you further, look at this example:
I am 27 years old, literally it would be - Io sono 27 anni (il verbo essere - the verb to be : io sono, tu sei, lui è, ....)
But, Io HO un gatto - I have a cat (verb to have - avere: Io ho, tu hai, lui/lei ha, ...)
I hope it was helpful to you.