Harley Benton SC-400LH SBK Classic Series

A good guitar to start your electric axe adventure, but without heavy modding - nothing more. I will say that the neck is very comfortable which is really important, especially for novices but for pros as well - a guitar can have the best hardware and sound like an angel singing, but it won't matter anything if playing it is a chore. While this one has its problems - the fretting was a bit uneven on mine and the tuners are not all that stable - it's rather nice for playing at home. I wouldn't take it on the stage without at least replacing the tuners, though. The pickups are nothing to write home about, but they do the job and are not terrible. Actually rather good for the price.
You're a parent wanting to buy your son a beginner guitar to see if he'll get into it? Definitely buy this, it's good for the buck and if the kid decides he's not into it, it's not a big pain.
Your a pro player that wants a cheap, but decently built LP as a modding platform? Look no further.